Share Incentive Plan when company in liquidation?

[iancou2]

Hi

Can anyone help me, I'm trying to find out what happens to the shares sold to the trustees of a company and the value of this transaction deposited on the directors loan account and what happens to both when the company goes into voluntary liquidation.

Basically my ex has said his company is going into liquidation when he has a balance of £ 600K credit (tax paid) on his Dir Loan account. We're going through the final stages of a financial split and he says he has no money so I'm worried that he has filtered the money out or done something with the SIP trustee account.

Thanks
I