• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, January 28, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home News

Disqualification Given to Man Acting as Company Director Whilst Bankrupt

by Elise Dopson
27/03/2017

RelatedPosts

Getting Your Pricing Right: 4 Techniques for Success by Neil Debenham

Padrós Asks To Allocate Non Essential Budget Items

When Is a Bill Collector Crossing a Line?

10 Most Profitable Investment Funds

Load More

A disqualification has been handed to the sales director of a printing company in Lincolnshire after he had been found to breach his bankruptcy.

Mr Peter Henry Nicholson was found to be acting as the sales director of Tandem Print Solutions Limited (formerly Tandem Solutions Group Limited) after being appointed on 1 June 2012, and still acting in the position until 18 March 2014; just a few months before the company went into administration on the 31 July the same year.

Whilst there is nothing wrong with being the sales director of a company, Mr Nicholson had previously received a bankruptcy order on 14 May 2012, which meant that he was unable to act as the director of a company for a period of 12 months commencing on the date that the order was given. He would only be allowed to act as director if he was given leave of the Court. However, this was not handed to Mr Nicholson at any point during this period.

The bankruptcy order meant that he was under meant that he had to adhere to a number of restrictions, including:

  • He must not take part in the formation, promotion or management of a company unless they have permission from the court.
  • He must disclose his status to a credit provider if he wishes to get credit of more than £500.
  • He cannot be the receiver/manager of a company’s property on behalf of debenture holders, or act as an insolvency practitioner.

Sue MacLeod, Chief Investigator at the Insolvency Service, commented:

“The Department for Business, Energy and Industrial Strategy will continue to uphold the integrity of the insolvency regime and will not hesitate to act if a bankrupt breaches the restrictions to which he is subject. This disqualification should act as a deterrent and warning to others who might be considering such breaches.”

Tags: insolvency
Previous Post

Is Your Internet Payday Loan Provider Legal?

Next Post

How to Kick Start Your Investment Strategy in Student Housing

Related Posts

Neil Debenham
News

Getting Your Pricing Right: 4 Techniques for Success by Neil Debenham

28/01/2021
Padrós Asks To Allocate Non Essential Budget Items
News

Padrós Asks To Allocate Non Essential Budget Items

18/01/2021
4 Benefits of Using a PEO for Your Company
News

When Is a Bill Collector Crossing a Line?

26/01/2021
Next Post
How to Kick Start Your Investment Strategy in Student Housing

How to Kick Start Your Investment Strategy in Student Housing

National Living Wage Rises to £7.50 from £7.20

National Living Wage Rises to £7.50 from £7.20

New £1 Coin Set to Bring Parking Chaos in Britain

New £1 Coin Set to Bring Parking Chaos in Britain

Latest News

Buying or Selling a House with Dry Rot Issues

Buying or Selling a House with Dry Rot Issues

28/01/2021
Neil Debenham

Getting Your Pricing Right: 4 Techniques for Success by Neil Debenham

28/01/2021
The FinTech Sector Optimistic As Traditional Banks Feel The Impact of Covid-19

The FinTech Sector Optimistic As Traditional Banks Feel The Impact of Covid-19

27/01/2021
The Benefits of Playing Bingo Online Instead of Regular Bingo

The Benefits of Playing Bingo Online Instead of Regular Bingo

27/01/2021
Four Ways Technology Helps the Hesitant Beginner Investor

Four Ways Technology Helps the Hesitant Beginner Investor

27/01/2021
3 steps to set up a business in China

3 steps to set up a business in China

27/01/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.