Anton is a director of a company which is in serious financial difficulty, and he fears the company is nearing insolvency. Advise Anton as to the circumstances in which s 588G applies, and of any steps he could take to ensure he would have a 588G action if this action were commenced against him. What penalties could he face if he does 588G? Please consider s588GA as well, in relation to his potential liability for insolvent trading.