GKA traded at the risk of creditors
28th January 1999, Page 12
28th January 1999
Page 12
Page 12, 28th January 1999
— GKA traded at the risk of creditors
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Keywords :
Bankruptcy, Finance, Business, Insolvency Law, Corporations Law, Liquidation, Business / Finance
• A haulier has been disqualified from being a director for trading while "at the risk of his creditors" Geoffrey Aston, of West Bromwich-based GKA Transport, was disqualified for three years at Wolverhampton County Court. His company went into liquidation in November 1996 with debts of 2101,331.
Edward Pepperall, repre senting the Official Receiver, told the court that Aston had failed to keep proper accounts and had continued to trade at the risk of creditors, principally with regard to the Crown. "Aston also misused company funds by causing £14,288 to be paid into a bank account in reduction of a personal liability," said Pepperall.
Tags
Organisations:
Wolverhampton County Court
People:
Receiver, Edward Pepperall
Locations:
West Bromwich