A bankruptcy restriction order has been made against Christopher John Day of Northampton for 10 years as a result of his conduct.
At a hearing on 13 September 2016, a bankruptcy restriction order was made against Christopher John Day of Northampton for 10 years as a result of his conduct, lasting until 12 September 2026.
Mr Day was declared bankrupt on 17 June 2015 on a petition presented against him by Her Majesty?s Revenue & Customs (HMRC).
An Insolvency Service investigation found Mr Day withdrew his entire pension, of more than ?30,000, after bankruptcy proceedings had been started against him by HMRC. The petition against Mr Day having been presented on 27 April 2015.
By the time he attended an interview with the Official Receiver?s Office in July 2015, Mr Day said he had ?10,500 remaining, and that this was being ?looked after? by a family member. He was told he needed to pay the money to the Official Receiver.
He didn?t pay the money over, and instead instructed his family member to keep hold of the money on his behalf. After court proceedings, only ?4,500 was recovered.
Martyn Rawbone, Deputy Official Receiver, said
?This is a serious case in which the bankrupt?s misconduct continued even after he had been made aware of his obligations. Extending the period of the bankruptcy restrictions should act as a deterrent and warning to others who might be considering such actions.?