The Debt Survivor

‘Secret Millionaire’ faces Bankruptcy hearing

Posted on 16. Dec, 2009 by UK Liquidation.

CASH strapped `secret millionaire Chek Whyte has failed to reach an
agreement with creditors and is still facing personal bankruptcy.
An Individual Voluntary Arrangement was thwarted by HM Revenue & Customs, which is owed 1.2m and refused to agree the deal.
Now Mr Whyte, who has debts of 33m, faces a bankruptcy hearing brought by one of his [...]

Continue Reading

Pre Pack Administration

Posted on 16. Dec, 2009 by UK Liquidation.

If your Company is in serious debt, there is a powerful, legal way of solving your problems that would result in selling your business on to a third party, which can be a totally new Company a newco or to the existing directors.
The name for this solution is pre pack administration.
The [...]

Continue Reading