wrongful tradingwrongful trading: in company law, the civil liability of a c...: in company law, the civil liability of a company directordirector: person appointed as an officer of a company, whose... under section 214 of the Insolvency Act 1986; after a company has gone into insolvent liquidationinsolvent liquidation: the process of winding up a company..., a court can make a wrongful tradingwrongful trading: in company law, the civil liability of a c... order against someone who was a directordirector: person appointed as an officer of a company, whose... of the company if that person, knowing there was no reasonable prospect of the company avoiding an insolvent liquidationinsolvent liquidation: the process of winding up a company..., failed to take every step which a reasonably diligent person would take to minimise potential loss to the company’s creditors. The court will order the directordirector: person appointed as an officer of a company, whose... to contribute a financial sum towards the overall pool of funds available for distribution to the company’s creditors.