Family firm goes under
19th November 1998, Page 10
19th November 1998
Page 10
Page 10, 19th November 1998
— Family firm goes under
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Keywords :
Bankruptcy, Insolvency Law, Finance, Corporations Law, Liquidator, Business Law, Unsecured Creditor, Kpmg, Wrongful Trading
• Bradford-based Bradley's Transport Haulage and Distribution has called in a liquidator after suffering cashflow problems.
Husband and wife team Robert and Angela Bradley appointed the liquidator towards the end of October when they ran out of funds to pay their creditors.
Two further jobs have been lost. Tom Harrison, for liquidators KPMG, says the company's assets, which include three trucks, are being sold and the claims are being agreed.
However, he warns: "It is unlikely that unsecured creditors will get much."
Bradleys started trading in general haulage in 1988.