The Family Court has ruled in financial remedy proceedings that a departure from an equal division of assets was appropriate in view of the fact that riskier and less liquid business assets would be retained by the husband. The husband and wife had met in...
A man who illegally acted as a company director while bankrupt has been handed a suspended sentence.
He had been declared bankrupt in October 2021. However, investigations by the Insolvency Service revealed that he had operated as a director of four companies while subject to the restrictions that apply to bankruptcy.
He had remained a director of one company despite being sent multiple letters by Companies House informing him that he was required to resign from all directorships. He was appointed as a director of another company less than two years after being declared bankrupt.
He was sentenced to 16 months in prison, suspended for two years, and was ordered to carry out 200 hours of unpaid work and pay costs of £1,000. He was also disqualified from acting as a company director for five years.