Quote:
Originally Posted by IamNotKenKing
Short answer, and NOT LEGAL ADVICE, but Directors of a corporation can be liable for up to six months' wages to each employee for services performed while that person was a Director.
There are still hoops to go through, but sometimes this in and of itself can be sufficient to get a Director to step up, if the wages remain outstanding.
See Section 119 of the Alberta Business Corporations Act.
Also, Receivers sometimes wish to keep certain employees whole to continue to provide services, so will ensure they are paid.
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This. Also, the directors like have D&O Liability insurance, which i believe is covered under this