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Richard Ludlow

Partner - Sevenoaks & Ashford

9th September 2021

Plumber’s bankruptcy restrictions extended for abusing finance

Plumber’s bankruptcy restrictions extended for abusing finance

Lee John Palmer (41), a plumber from Knapton, was declared bankrupt on 28 January 2021 before the official receiver was appointed as Trustee. The bankrupt’s bankruptcy restrictions were extended for 6 years, by the Official Receiver, after they discovered that the bankrupt sold a van without the finance company’s permission.

Kevin Read, the Official Receiver, said:

“It is illegal to sell a vehicle with an outstanding finance agreement. Not only does the finance company lose out but the new owner could unknowingly be at risk of having their vehicle repossessed and losing money.”

“Lee Palmer’s actions posed a risk to creditors and his 6-year ban should act as a deterrent to others considering abusing their creditors.”

Read the full story here: plumber bankruptcy abusing finance

Contact our dispute resolution lawyers in Sevenoaks, Ashford, Brighton & Hove, and Uckfield

For advice in respect of your obligations when bankrupt or if you are facing bankruptcy restrictions please contact the experts at Rix & Kay’s Dispute Resolution Team and speak to Richard Ludlow or call 01732 441695.

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