Lee John Palmer (41), a plumber from Knapton, was declared bankrupt on 28 January 2021 before the Official Receiver was appointed as Trustee.
While reviewing Lee Palmers assets, the Official Receiver uncovered that Lee Palmer had bought a van on hire purchase but sold the vehicle without the permission of the hire purchase finance company.
The hire purchase meant the van wasnt his property to sell and the finance company suffered a loss of over 16,000.
The Official Receiver sought to extend Lee Palmers bankruptcy restrictions further because of the risk he posed to creditors.
Lee Palmers bankruptcy undertaking extends his restrictions for 6 years. This means he is limited to what credit he can access and cannot act as a company director…
Read the full article at: https://www.gov.uk/government/news/plumbers-bankruptcy-restrictions-extended-for-abusing-finance
