What Happened To Boris’ Bankruptcy?
Boris Becker convicted of Bankruptcy offences, including failing to disclose, concealing and removing significant assets.
Following a trial at Southwark Crown Court, Boris Franz Becker was convicted of four counts against the Insolvency Act 1986. He will appear for sentencing on 29 April 2022
During proceedings, the court heard that Boris Becker was made bankrupt on 21 June 2017 in the High Court following a petition from Arbuthnot Latham & Co, a private bank.
Boris Becker was legally obliged to disclose all of his assets so that his trustee could distribute available funds to his creditors.
The former tennis player, however, failed to disclose, concealed and removed significant assets from the Official Receiver and his Trustee in Bankruptcy.
Assets concealed included €426,930.90, which was transferred to several third parties, a property in Leiman, Germany, and 75,000 shares in Breaking Data Corp.
Boris Becker’s failure to disclose all his assets led to his discharge from bankruptcy being suspended indefinitely. He is also subject to a 12-year Bankruptcy Restriction Undertaking, effective from 17 October 2019.
Insolvency Service Comment: Boris’ Bankruptcy Offences
Chief Executive of the Insolvency Service, Dean Beale, said:
Today’s verdict confirms that Boris Becker failed to comply with his legal obligation to declare significant assets in his bankruptcy.
This conviction serves as a clear warning to those who think they can hide their assets and get away with it. You will be found out and prosecuted.
Are you a creditor looking to recover your money?
If you are a creditor of an insolvent company or a bankruptcy, Oliver Elliot can help you. We Know Insolvency Inside Out.
Share This Page!
What Next?
Expert Advice Is Just A Click Away
If you have any questions in relation to Boris’ Bankruptcy Offences then contact us as soon as possible for advice. Oliver Elliot offers a fresh approach to insolvency and the liquidation of a company by offering specialist advice and services across a wide range of insolvency procedures.
Our expertise is at your fingertips.
Disclaimer: Boris’ Bankruptcy Offences
This page Boris’ Bankruptcy Offences is not legal advice and should not be relied upon as such. This article Boris’ Bankruptcy Offences is provided for information purposes only. You can contact us on the specific facts of your case to obtain relevant advice via a Free Initial Consultation.
Recent Posts / View All Posts
