IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
INSOLVENCY AND COMPANIES COURT (ChD), in a judgement handed down last week ( Friday 3rd March) Creditfix were found to have acted not in accordance with the Insolvency Provisions in that they, in the cases cited and, by assumption, many other cases, manipulated votes where RBS held more than 75% of the vote and proposed modifications so that these modifications were ignored and the proposal accepted, where it would, otherwise, have been rejected.
In a nutshell, the IP named, Michael Sloper, has been accused of putting the financial interests of himself and his employer, Creditfix Ltd., ahead of the interests of the debtors and creditors.
The Judge, ICC JUDGE PRENTIS, also added this note:
64. I also intend to direct that a copy of this judgment be provided to Mr Sloper’s
regulatory body. The evidence is that he has caused or permitted these cases,
and many others, to be conducted otherwise than in accordance with the Act
and Rules; and has done so to promote his own interests and/ or the interests
of his employer, Creditfix. These are significant and multiple failings which
ought to be the subject of further detailed consideration.
Neutral Citation Number: [2020] EWHC 786 (Ch).
Case nos:
BR-2019-001049
BR-2019-001050
BR-2019-001051
BR-2019-001052
BR-2019-001053
BR-2019-001054
BR-2019-001246
BR-2019-001248
Thanks to the lovely people over at Debt Camel for bringing this to my attention.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014