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Discharged bankrupt is unsure of debts
Page 24
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AN OPERATOR who declared himself bankrupt after losing three contracts in a matter of weeks has had his 0-licence revoked as he was unable to supply the Traffic Commissioner with accurate financial information.
Sunderland-based Peter Hunter, trading as PJH Transport Services, held a licence authorising the operation of four vehicles and one trailer.
He told North-Eastern TC Tom Macartney he had made himself bankrupt on 23 January and had been discharged from bankruptcy on 23 July. He had lost three contracts within the space of a few weeks and the money was "just not coming in".
He added that he had not gained the new contract he needed to start operating again because he had told the customer there might be a problem with his 0-licence.
The TC said he did not know the amount of debt that had led to the bankruptcy and did not have the overall financial picture. He explained that in exceptional circumstances he could allow a licence to run on, but if Hunter did not immediately need one it might be better to revoke it and invite him to apply for a fresh licence when he was ready.
Hunter said he could not get the required information as the insolvency people had taken it. Neither did he know the amount the creditors had been paid. He had been kept "totally in the dark", but thought that the overall debt was about E100,000.
Revoking the licence, the TC said that as Hunter had been discharged from bankruptcy he was surprised he did not have a picture of the overall state.
He concluded that until he could see the full financial picture, he could not allow the licence to continue.