Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?

Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?
A . Where the directors have the intention of defrauding creditors.
B . Where directors knew or ought to have known that insolvency was inevitable.
C . Whenever a company becomes insolvent.
D . Whenever a company’s liabilities exceed its assets.

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Answer: B