Would you like to talk to a trained debt counsellor about alternatives to bankruptcy? more More news Number of Scots going bankrupt hits record high People in their early thirties have biggest debts and are most likely to miss repayments Debt firms told to drop misleading TV and radio advertising Bailiffs to get more powers but not much needed regulation Citizens Advice warns Record number of people going bust - and it's set to get worse	Insolvency Service has last laugh as comedian sent to jail for breaching bankruptcy rules A Liverpool comedian who was made bankrupt in 2003 has been sentenced to 40 months imprisonment seven years later for attempting to pervert the course of justice and breaching bankruptcy rules. Former comedian, Anthony Lee Wright, was found guilty of attempting to conceal his interest in a property worth £108,000 from the Official Receiver by assuming the identity of "Anthony Cronley". If you are declared bankrupt, you must declare any assets that you own that can be sold to the benefit of your creditors. Failing to do so is a criminal offence. "People struggling with debt who want to benefit from the debt relief arrangements offered by the insolvency regime must be prepared to declare all of their financial assets or face the penalty imposed on them," said Graham Horne, Deputy Inspector General for the Official Receive. "It is for the Official Receiver to decide which assets should be sold for the benefit of the creditors and which many be retained by the debtor." 8th December2010

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Would you like to talk to a trained debt counsellor about alternatives to bankruptcy? more

More news

Number of Scots going bankrupt hits record high

People in their early thirties have biggest debts and are most likely to miss repayments

Debt firms told to drop misleading TV and radio advertising

Bailiffs to get more powers but not much needed regulation Citizens Advice warns

Record number of people going bust - and it's set to get worse

Insolvency Service has last laugh as comedian sent to jail for breaching bankruptcy rules

A Liverpool comedian who was made bankrupt in 2003 has been sentenced to 40 months imprisonment seven years later for attempting to pervert the course of justice and breaching bankruptcy rules.

Former comedian, Anthony Lee Wright, was found guilty of attempting to conceal his interest in a property worth £108,000 from the Official Receiver by assuming the identity of "Anthony Cronley". If you are declared bankrupt, you must declare any assets that you own that can be sold to the benefit of your creditors. Failing to do so is a criminal offence.

"People struggling with debt who want to benefit from the debt relief arrangements offered by the insolvency regime must be prepared to declare all of their financial assets or face the penalty imposed on them," said Graham Horne, Deputy Inspector General for the Official Receive. "It is for the Official Receiver to decide which assets should be sold for the benefit of the creditors and which many be retained by the debtor."

8th December2010

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