Bankrupt Skegness woman, 54, punished after failing to reveal secret home in the Canary Islands – LincolnshireLive

A Lincolnshire woman failed to disclose all of the property in her ownership after being declared bankrupt, a court has heard. Susan Thatcher, 54, from Skegness did not inform the relevant authorities about a Spanish holiday home in her possession. Read More Thatcher, of Barkham Grove, pleaded guilty to owning the property in Fuerteventura and…

Crackdown on shell companies: Government to tighter norms for insolvency professionals on anvil – Financial Express

Move aimed at preventing at least 3 lakh disqualified directors of shell companies from entering the insolvency eco-system. Amid a crackdown on directors of shell companies, the government is considering to further tighten the scrutiny of candidates applying for the licences of insolvency professionals, in a bid to prevent unscrupulous elements from entering the critical…