What life looks like for Jirongo after bankruptcy axe fell on him – Business Daily (press release) (blog)

Insolvency law largely puts politician at the mercy of a trustee with respect to which property will be repossessed for the purposes of paying his debts.

Reports that the High Court has declared former Lugari MP Cyrus Jirongo bankrupt has left many wondering what life after the declaration will be for the man who had his eyes on the countrys top job only two months ago.

Mr Jirongo went into bankruptcy after his creditor, businessman Sammy Boit arap Kogo, made an application for a receiving order to be entered against the former MP.

Under Kenyan insolvency law, the term bankruptcy applies…

Read the full article at: http://www.businessdailyafrica.com/economy/What-life-looks-like-Jirongo-after-bankruptcy-axe-fell-on-him/3946234-4134296-46a7ka/