Panorama Bankruptcy Expose Misses the Target

Panorama Bankruptcy Expose Misses the Target

Monday evening’s bankruptcy expose by BBC Panorama, of former millionaires, now bankrupt and still apparently living the high life, was confused and misleading (Millionaire Bankrupts Exposed). The investigation, which looked at a handful of bankrupts, attempted to show how they were still enjoying the benefits of luxury mansions and cars, whilst their creditors were being […]

Re-opening sequestration for whose benefit?

Re-opening sequestration for whose benefit?

In a recent note, issued by Glasgow Sheriff Court, Sheriff Deutsch, has refused an application to re-open a sequestration, which he found failed to provide sufficient evidence that re-opening the sequestration would benefit anyone, but the professionals involved. The application to re-open the sequestration, after the trustee and the debtor were discharged, was to allow the trustee to be […]