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QLD Property Settlement Following Divorce - Resign as Company Director?

Discussion in 'Family Law Forum' started by Len-Pick Woo, 21 August 2014.

  1. Len-Pick Woo

    Len-Pick Woo Member

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    I’m in a middle of a property settlement following a divorce. The settlement is ongoing now for the last 14 months and my ex husband is careless about it. We are Company Directors in the Company that I have been running since it was purchased in July 2005. Currently looking at options.
    Question 1: Should I resign as a Director of the Company, am I still entitled to eventual property settlement including my share (half) of the Company?
    Question 2: Should I resign as a Director, will I be free of all Company liabilities?

    Hope someone can help me, thanks, LP
     
  2. lawanswers

    lawanswers Moderator
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  3. Victoria S

    Victoria S Well-Known Member

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    It might be wise to get personalised advice from your lawyer who's managing your property settlement.
    As a director, you still remain liable for any liability under the Corporations Act 2001 (Cth) that was incurred or any offences that were committed by you/the company while your were a director of the company.
     

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