Bankruptcy - Sell Up First?

	Time called on former landlords who fled to Spain 11th December 2009 Two bankrupt former pub owners from Ashford in Kent have been given suspended prison sentences after failing to tell the Official Receiver that they had sold their pub and fled to Spain with the profits. Lynda Anne Parker and Graham Richard Hornigold, former owners of The Woolpack Inn, plead guilty to offences under the Theft Act 1978 and the Insolvency Act 1986 at Canterbury Crown Court. Despite owing creditors almost £46,000, Parker and Hornigold sold their pub in March 2002, making a profit of over £200,000, and fled to Malaga in Spain where they set up home. Despite a warrant being issued for their arrest in 2005, the pair were only brought into custody in January 2009 on their return to the UK. On Thursday the 10th of December, Parker was sentenced to four months imprisonment, suspended for 12 months, and Hornigold was sentenced to nine months imprisonment, also suspended for 12 months. "We are determined to crack down on cheats like these who profit by deception," said Business Minister, Pat McFadden. “When someone acts in this way they are effectively stealing from honest creditors, who are owed money and can suffer as a result. This prosecution sends a clear message to would-be fraudsters that they won’t get away with it."

Time called on former landlords who fled to Spain
11th December 2009

Two bankrupt former pub owners from Ashford in Kent have been given suspended prison sentences after failing to tell the Official Receiver that they had sold their pub and fled to Spain with the profits.

Lynda Anne Parker and Graham Richard Hornigold, former owners of The Woolpack Inn, plead guilty to offences under the Theft Act 1978 and the Insolvency Act 1986 at Canterbury Crown Court.

Despite owing creditors almost £46,000, Parker and Hornigold sold their pub in March 2002, making a profit of over £200,000, and fled to Malaga in Spain where they set up home.

Despite a warrant being issued for their arrest in 2005, the pair were only brought into custody in January 2009 on their return to the UK.

On Thursday the 10th of December, Parker was sentenced to four months imprisonment, suspended for 12 months, and Hornigold was sentenced to nine months imprisonment, also suspended for 12 months.

"We are determined to crack down on cheats like these who profit by deception," said Business Minister, Pat McFadden.

“When someone acts in this way they are effectively stealing from honest creditors, who are owed money and can suffer as a result. This prosecution sends a clear message to would-be fraudsters that they won’t get away with it."

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