Press release: Four-time bankrupt hit with fourteen-year restriction

first_img YouTube Office currently closed during the coronavirus pandemic. must disclose their status to a credit provider if they wish to get credit of more than £500 who carry on business in a different name from the name in which they were made bankrupt, they must disclose to those they wish to do business with the name (or trading style) under which they were made bankrupt may not act as the director of a company nor take part in its promotion, formation or management unless they have a court’s permission to do so may not act as an insolvency practitioner, or as the receiver or manager of the property of a company on behalf of debenture holders LinkedIn The Insolvency Service, an executive agency sponsored by the Department for Business, Energy and Industrial Strategy (BEIS), administers the insolvency regime, and aims to deliver and promote a range of investigation and enforcement activities both civil and criminal in nature, to support fair and open markets. We do this by effectively enforcing the statutory company and insolvency regimes, maintaining public confidence in those regimes and reducing the harm caused to victims of fraudulent activity and to the business community, including dealing with the disqualification of directors in corporate failures.BEIS’ mission is to build a dynamic and competitive UK economy that works for all, in particular by creating the conditions for business success and promoting an open global economy. The Criminal Investigations and Prosecutions team contributes to this aim by taking action to deter fraud and to regulate the market. They investigate and prosecute a range of offences, primarily relating to personal or company insolvencies.The agency also authorises and regulates the insolvency profession, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.Contact Press OfficeMedia enquiries for this press release – 020 7637 6498 or 020 7596 6187 If the Official Receiver considers that the conduct of a bankrupt has been dishonest or blameworthy in some other way, he (or she) will report the facts to court and ask for a Bankruptcy Restrictions Order (BRO) to be made. The court will consider this report and any other evidence put before it, and will decide whether it should make a BRO. If it does, the bankrupt will be subject to certain restrictions for the period stated in the order. This can be from 2 to 15 years.The bankrupt may instead agree to a Bankruptcy Restrictions Undertaking (BRU) which has the same effect as an order, but will mean that the matter does not go to court.These are restrictions set out in insolvency law that the bankrupt is subject to until they are discharged from bankruptcy – normally 12 months and include that bankrupts: You can also follow the Insolvency Service on: Twitter Notes to editorsMr Fintan Noel Arrowsmith is of Sleaford and his date of birth is December 1970. The Bankruptcy Order was made against him on 19 October 2017 on his own petition.Mr Arrowsmith’s bankruptcies were: Where a bankrupt has acted contrary to restrictions placed upon him by insolvency law, by obtaining credit without fully disclosing his status, he should not expect to do so without consequences, particularly when others suffer financial loss as a result. This service is for journalists only. For any other queries, please contact the Insolvency Enquiry Line.For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000. A bankruptcy restriction in these circumstances will serve to provide creditors with a degree of protection, and it will also act as a deterrent to the bankrupt not to act in a similar manner in the future. Media Manager 0303 003 1743 The ban, from 7 February 2018 to 6 February 2032, one year short of the maximum, follows an investigation into the affairs of Fintan Noel Arrowsmith.During the period 2010 to 2017, Fintan Arrowsmith had traded as a horticulturist but ceased trading in April 2017 after the failure of his crop.He stated his liabilities mostly related to stock obtained on credit from suppliers and on 18 October 2017, Fintan Arrowsmith filed on his own bankruptcy petition, listing a deficiency of £39,374.Fintan Arrowsmith was interviewed by the Official Receiver at which time he stated that he had traded as F Arrowsmith, Glebe Farm Nursery during the period 2010 to April 2017.He further explained that in 2016 he had a significant loss of his perishable stock, which were uninsured as no underwriter was willing to insure him because of his bankruptcy historyThe Insolvency Service investigation into his affairs confirmed that Fintan Arrowsmith had signed a Bankruptcy Restrictions Undertaking (BRU) on 17 November 2009, which was accepted by the Secretary of State and was effective for 11 years to November 2020.This meant that Fintan Arrowsmith had defied his bankruptcy restrictions and obtained a variety of stock and supplies, to the value of at least £24,549, from trade creditors on cash-on-delivery and credit terms.The Official Receiver made enquiries with these trade creditors, all of whom confirmed Fintan Arrowsmith had not disclosed that he had been made bankrupt before obtaining credit and that they would not have extended credit to Mr Arrowsmith had they been aware of this.On 6 February 2018, the Secretary of State for Business, Energy and Industrial Strategy accepted a bankruptcy restrictions’ undertaking (BRU) from Mr Arrowsmith (47), which means he is to be bound for 14 years, by the restrictions set out in insolvency law that a bankrupt is subject to until they are discharged from bankruptcy – normally 12 months – until 2032.Gerard O’Hare, an Official Receiver at the Insolvency Service, said: Email [email protected] Press Office In 2003 – as Fintan Mahgabhan In 2005 – as Fintan Noel Mahgabhan-Arrowsmith In 2008 – as Fintan Noel Arrowsmith In 2017 – as Fintan Noel Arrowsmithlast_img read more

Phish’s Mike Gordon Announces 15-Date Fall Tour With Hilarious Ping-Pong Video

first_imgFresh off a tour with Phish, bassist Mike Gordon has just announced plans to perform with his solo outfit throughout the fall! Gordon’s band is officially headlining at Catskill Chill (more info here), and a full tour schedule has just been revealed that stretches into the Midwest and throughout the East Coast.Watch Mike Gordon’s Surprise Ending Of “The Squirming Coil” At Phish’s Saturday Night Dick’s ShowMike Gordon’s touring band features Scott Murawski, Robert Walter, John Morgan Kimock and Craig Myers. The band will hit the road on November 18th for a tour that runs through December 11th! Check out the full schedule and hilarious announcement video below, with more ticketing details available here.Mike Gordon Fall Tour DatesFri 18 NovDelmar HallSaint Louis, MO 8:30 PM / Doors: 7:30 PMSat 19 NovMajestic TheatreMadison, WI 9:00 PMSun 20 NovPark WestChicago, IL 8:00 PM / Doors: 7:00 PMTue 22 NovStage AEPittsburgh, PA 8:30 PM / Doors: 7:30 PMWed 23 NovTown BallroomBuffalo, NY 9:00 PM / Doors: 8:00 PMFri 25 NovHigher GroundSouth Burlington, VT 8:30 PM / Doors : 8:00 PMSat 26 NovThe Egg – Hart TheatreAlbany, NY 8:00 PM / Doors: 7:00 PMMon 28 NovUnion TransferPhiladelphia, PA 8:30 PM / Doors: 7:30 PMTue 29 NovLincoln TheatreWashington, DC 8:00 PM / Doors: 6:30 PMThu 01 DecOrange PeelAsheville, NC 9:00 PM / Doors: 8:00 PMFri 02 DecThe Cannery BallroomNashville, TN 8:00 PM / Doors : 7:00 PMSat 03 DecVariety PlayhouseAtlanta, GA 8:30 PM / Doors : 7:30 PMFri 09 DecThe SinclairCambridge, MA 9:00 PM / Doors: 8:00 PMSat 10 DecThe SinclairCambridge, MA 9:00 PM / Doors : 8:00 PMSun 11 DecThe SinclairCambridge, MA 8:00 PM / Doors : 7:00 PMlast_img read more

California adds mass vaccination sites despite short supply

first_imgSACRAMENTO, Calif. (AP) — California is adding more mass vaccination clinics even though short supplies have forced it to ration doses. Santa Clara County and the San Francisco 49ers will open the state’s largest vaccination site next week at Levi’s Stadium. It will be able to handle 15,000 shots a day. But Los Angeles County says it will limit new COVID-19 vaccinations to ensure second doses are available for those awaiting them. Meanwhile, the state’s worst coronavirus surge continues to abate. The state is seeing about 14,500 new cases daily — down by nearly half from two weeks ago.last_img