fraudulent tradingfraudulent trading: in company litigation, conducting the bu...: in company litigationlitigation: the bringing of a lawsuit or legal claim in cour..., conducting the business of a company with the intent to defraud creditors; under s.213 of the Insolvency Act 1986, a liquidatorliquidator: in insolvency law, a person appointed by credito... of the company may apply to the court for a declaration that those knowingly party to the fraudulent tradingfraudulent trading: in company litigation, conducting the bu... make such financial contributions to the company’s assets as the court thinks proper.