Thursday, 29 August 2013

BANKRUPT MAN FAILED TO REVEAL HE HAD PROPERTY ABROAD

A bankrupt man has been given a suspended sentence after failing to reveal he owned a property in Cyprus.

Francis Taylor of Brendon Way, Long Eaton, was prosecuted for not disclosing all his properties to the official receiver on 29th September 2009.

This month he pleaded guilty to a charge under the Insolvency Act 1986 and was given a  16 week prison sentence, suspended for 12 months by Nottingham Magistrates' Court because the offence was considered to be so serious.


Taylor, 56, must also pay costs of £516.80, stick to a strict two-month curfew to stay at home between 9pm and 6am daily, be electronically tagged and be supervised by the probation service for 12 months.