DEBT 'RESCUE' BOSS SLAMMED
Daily Record|September 16, 2024
Firms in trouble told they could 'go bust without consequence'
MARK MCGIVERN
DEBT 'RESCUE' BOSS SLAMMED

A TYCOON has been slammed over a scheme that allowed "distressed" firms to go bust and avoid millions of pounds of debt.

The Insolvency Service wound up two "corporate rescue" firms led by John Irvin Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Ltd accusing them of "several misrepresentations" and "misleading" clients.

According to the government agency, company directors were told they could go bust and still keep their company's assets, continue to trade the business through a new "phoenix" company and avoid debt responsibility.

Irvin connected owners of distressed firms with new directors who would nominally buy the company and take responsibility for winding it up.

Denne historien er fra September 16, 2024-utgaven av Daily Record.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 16, 2024-utgaven av Daily Record.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.