Businessman banned from acting as director after breaching bankruptcy rules
A businessman has been banned from acting as a company director for eight years after it was discovered that he continued to serve as a director between July 2013 and July 2015, despite being bankrupt since 2005. In addition to the disqualification, he was sentenced to 22 months in prison in October 2024 for contempt of court in an unrelated case concerning company transfers made in breach of a freezing order. The Insolvency Service’s perspective The Insolvency Service emphasised that bankruptcy automatically prevents someone from being a company director. They highlight that the ban exists to protect creditors and the [...]