133 Sentences With "official receiver" | Random Sentence Generator

Britain has appointed an Official Receiver to try and realise value from Thomas Cook's assets.

"Good progress is being made in identifying potential buyers for British Steel," the Official Receiver said.

The court has appointed Cristian Soscia as bankruptcy judge and Vincenzo Pilla as official receiver, CHL said in a statement.

The Official Receiver has said it is working with "interested parties to explore how to preserve the company as a going concern".

The UK's Official Receiver has made 829 Carillion staff redundant so far but saved around 1,019 out of a UK workforce of around 18,000.

The Official Receiver, which manages insolvencies for the British government, is handling Carillion's liquidation, with PwC appointed by the High Court to support the liquidator.

When Carillion entered compulsory liquidation in January 2018 the Museum worked closely with the Official Receiver, the Cabinet Office, and DCMS to ensure continuity of services.

The company said it made an application to enter liquidation and that an order had been granted to appoint an official receiver to liquidate the company.

The Official Receiver, which manages insolvencies for the British government, said it safeguarded a further 1,221 jobs at the company but 101 roles have been made redundant.

LONDON (Reuters) - British Steel was forced into liquidation on Wednesday though Britain's second largest steelmaker will continue to trade and supply its customers, the official receiver said.

The Official Receiver said it was focused on finalizing the sale over the coming weeks, during which time British Steel would trade and supply its customers as normal.

"(Finance minister Philip Hammond) has also agreed an indemnity for the official receiver to enable British Steel to continue to operate in the immediate future," May told parliament.

EY has reportedly been appointed as special manager by the British government's Official Receiver, after a breakdown in rescue talks between the government and the company's owner, Greybull Capital.

British Steel's Official Receiver and adviser EY has been busy reaching out to Asian and European steel companies to sound out their interest, but many have declined the invite.

LONDON (Reuters) - Britain has granted an indemnity to the official receiver handling the collapse of British Steel, the country's second largest steel producer, Prime Minister Theresa May said on Wednesday.

LONDON (Reuters) - British Steel, the country's second largest steel producer, has collapsed and put 2100,2000 jobs at risk after failing to secure emergency government funding, Britain's Official Receiver said on Wednesday.

LONDON, May 22 (Reuters) - Britain has granted an indemnity to the official receiver handling the collapse of British Steel, the country's second largest steel producer, Prime Minister Theresa May said on Wednesday.

Law firm Mayer Brown said the fact that the Official Receiver has taken control of the British Steel liquidation suggests administration was not an option due to a lack of secure funding.

The Times Job losses at Carillion Plc have risen to more than 20, after the official receiver said that it was laying off another tranche of workers employed by the failed contractor. bit.

The Official Receiver, which manages insolvencies for the British government, has since been looking through the about 450 contracts that Carillion was managing when it collapsed, seeking alternative contractors to complete the tasks.

LONDON, May 22 (Reuters) - EY has been appointed as special manager by the official receiver as British Steel plunges into insolvency after failing to secure an emergency government loan, Sky News reported on Wednesday.

TSP Projects and the Official Receiver are trying to persuade the holder of a floating charge over TSP's assets to release it in order to smooth a takeover of the unit by France's Systra. bit.

Over 90 percent of Carillion's private sector service customers have said they will provide funding for now to allow the company's official receiver to retain employees on those contracts, Britain's Insolvency Service said on Wednesday.

A statement from Jingye said it had completed the acquisition of British Steel's UK and Dutch assets from the official receiver and confirmed it planned to invest 1.2 billion pounds ($1.6 billion) in the company.

The Official Receiver, which manages insolvencies for the British government, said it would save a further 4,418 jobs by transferring prison facilities management and defence bases catering and cleaning contracts and Carillion employees to new providers.

Read more: A Thomas Cook flight attendant says she only learned that the company collapsed and she lost her job on FacebookBritain has appointed an Official Receiver to try and realize value from Thomas Cook's assets.

LONDON, Jan 17 (Reuters) - Over 90 percent of Carillion's private sector service customers have said they will provide funding to allow the company's official receiver to retain employees on those contracts, Britain's Insolvency Service said on Wednesday.

"I will be looking to conclude this process in the coming weeks, during which time British Steel continues to trade and supply its customers as normal," the Official Receiver said in a statement released by The Insolvency Service.

The FRC said it is liaising with UK's Official Receiver, the Financial Conduct Authority, the Insolvency Service and The Pensions Regulator to ensure a "joined-up approach" to the investigation of matters arising from the collapse of Carillion.

The Times - A proposed deal to save Britain's second largest steelmaker British Steel was in doubt on Wednesday night after the official receiver from Turkey's military pension fund OYAK said that he would start talks with other potential buyers. bit.

To date 12,338 jobs, or 68 percent of the pre-liquidation workforce, have transferred to new employers and 2,403 jobs, or 13 percent of the workforce, have been made redundant through the liquidation, according to the latest report by the Official Receiver.

"From the date of the liquidation we've prioritized finding secure ongoing employment for as many of Carillion's employees as possible to ensure the continuity of essential public services," a spokesman for the Official Receiver said, in a Reuters request for response on Unite's legal action.

Judge Irit Weinberg-Nutovitz announced that the data would be downloaded and given to the government's Administrator General and Official Receiver. Psy- Group liquidator, Hayut Greenberg, and Calanit Hermelin-Vager, who represents the Official Receiver, oppose the forensic backup. The Senate Intelligence Committee was reported to have investigated Psy-Group by reaching out to Royi Burstien and Joel Zamel.

This failure combined with a fall in the value of his Australian shares to leave him bankrupt by 1898, although the Official Receiver concluded that the without the speculation in Paris, Fleming would probably not have become insolvent. In November 1898, Fleming's application for discharge from bankruptcy was opposed by the Official Receiver on the grounds that the debtor had contributed to his bankruptcy by rash and hazardous speculations.

Haim Kadmon entered the administration of regulating train traffic, then in the paymasters office of the police. After the legislation of the bankruptcy law he was sent to London to study in order to be appointed to the office of the Official Receiver. In due course he was appointed to be the Deputy Official Receiver. On leaving the Official Receiver's office he served in a senior position in the office of Trade and Industry.

Reports of the Official Receiver filed at Companies House; Company number 00194482 Family members later traded as Harry Neal Holdings specialising in extensions to very large London homes. That Company went into liquidation in 2010.

A receiver and manager was appointed in July 1923.City News in Brief. The Times, Monday, 16 July 1923; pg. 19; Issue 43394 The company was compulsorily wound up by the Official Receiver in 1927.

Most employees of Kwik Save were unlikely to be paid, having to join other creditors to claim money they were owed from the Official Receiver, unless they were part of the 56 shops going to FreshXpress.

The Official Receiver was called in four years after opening. Despite all attempts to make Lord Ebury's railway into a commercial success, the company faced bankruptcy and in 1881 it was absorbed by its operations partner, the burgeoning LNWR.

Approved intermediaries will not charge a fee for completing or submitting an application. Organisations approved by the Insolvency Service as competent authorities are listed on the Insolvency Service web site, and include, Angel Advance, AdviceUK, Citizens Advice, StepChange Debt Charity, the Institute of Money Advisers, National Debtline, Payplan and Think Money. Upon receipt of the application and payment of the fee, an Official Receiver may make the order, administratively, without the involvement of the court if it appears that the applicant meets the requirements. If the Official Receiver becomes aware of information which means the debtor does not qualify for a DRO, the application will be refused.

Despite that success, the Woolston yard also experienced some financial difficulties. In 1881 an official receiver was appointed to manage the company. Shipbuilding continued at the yard for a few years, but in 1889, Oswald Mordaunt and Company sought a new yard in South Wales and closed the yard in Woolston. William Becket-Hill, who had been managing the yard as official receiver since 1886 soon formed a new consortium and shipbuilding resumed as the Southampton Naval Works under the management of J. Harvard Biles, a naval architect from the Clyde subsequently to become the first Professor of Naval Architecture at the University of Glasgow.

The crash of the Britannia in 1980 led to the purchase of a Canadair CL-44 from British Cargo Airlines. Delay in acquiring the aircraft from the official receiver and subsequent engine problems led to cash flow issues and in 1982 the company entered voluntary liquidation.

In April 2018, the Official Receiver estimated the total liabilities of the then 27 liquidated UK companies at £6.9 billion, a figure over three times higher than given in the Group's accounts at the end of 2016. On 6 August 2018, the Insolvency Service announced the end of the trading phase of the liquidation, described by the Official Receiver as "the largest ever trading liquidation in the UK". Work on finalising Carillion's trading accounts and payments to suppliers, and investigations into the cause of the company's failure, including the conduct of its directors, continued. In December 2018, it was reported that former Carillion directors Philip Green and Richard Howson had been interviewed by the Insolvency Service.

In 1971 Lines Bros. Ltd called in the Official Receiver. The Group was broken up and sold off. Rovex Tri-ang Ltd (which had the Hornby Railways among its portfolio) was Pocket Money Toys Ltd and then sold as Rovex Ltd, complete with its factories at Westwood and Canterbury, to Dunbee-Combex-Marx Ltd. (DCM).

When appointed by the court and creditors, the Official Receiver () is responsible for the proper and orderly administration of the estates of insolvent companies ordered to be wound up by the court under the winding-up provisions of the Companies Ordinance and of individuals or partners declared bankrupt by the court under the Bankruptcy Ordinance.

Barleycorn Enterprises Ltd had been put into compulsory winding up. The directors had employed Cardiff based chartered accountants, Mathias and Davies, to prepare a financial statement for the company. Their fee was £202 10s, and were approved by the official receiver. However, the company liquidator argued that the accountants should only be paid after preferential creditors and debenture holders.

On 8 April 1982, De Gama Rose declared that Invicta was insolvent, and the receivers were called in. The remaining Britannia, G-AOVF, was undergoing a maintenance check as Invicta collapsed was eventually stripped of parts instead. On 28 August, the aircraft became the property of the Official Receiver. The assets of Invicta were sold to Seabourne Aviation.

If this information comes to light after the DRO is made, the Official Receiver may revoke the DRO without reference to the Court. The effect of revoking a DRO will be to leave the debtor open to actions by his or her creditors. If a DRO is revoked the debtor cannot apply for another one within six years.

He was further helped by the indulgence which Hawkins showed him, and by his own convincing oratory. The essence of his argument was that he was the victim of machinations by the Official Receiver and the Debenture Corporation, who had been determined to win prestige by bringing Bottomley down and wrecking his company.Taylor 2013, p. 219Symons, pp.

Accessed 1 April 2016 and was a soloist in The Messiah at Cradley Heath in 1945."When all the stars came to the Majestic", Black Country Bugle, 19 June 2008. Accessed 1 April 2016 In 1946 she married Arthur Aaron Walter (died 1967), who held the position of Official Receiver at the London Bankruptcy Court.National Library of Wales: Ceinwen Rowlands papers .

While in service and after the bankruptcy legislation was enacted he was sent to London to study where he received his diploma of certified accountant so that he could be appointed to serve in the office of the Official Receiver. In due course he was appointed to be the deputy. In 1958 Kadmon married his second wife Miriam. Haim Kadmon died in 1985.

In 1932, Austen was appointed Official Receiver for the line. He entered into negotiations with the Southern Railway aimed at disposing of worn out stock and obtaining serviceable replacements. One batch of stock disposed of was valued at £855, but realised only £6 10s 0d. In 1935, the K&ESR; purchased a 2-ton Bedford LQ lorry, and another was purchased in 1936.

Tullett Brown logo Tullett Brown Limited was a land banking and carbon credit fraud that was wound-up by the British Official Receiver in March 2012. After the company was wound-up, the fraud continued through associated company Foxstone Carr Ltd. Tullett Brown had been named "Commodities Broker of the Year in Western Europe" in World News Media's World Finance Awards.

Following the winding-up order, the station's licence passed into the hands of the official receiver. OFCOM ordered the station to cease broadcasting by 2 August 2012, a deadline which was ignored by Dune's owner. Six days after the deadline, OFCOM engineers attended the transmitter site at Gaws Hill, Ormskirk, accompanied by Dune's transmission contractor, and removed the transmission equipment. The station went off air at 12.23pm.

Under examination by the Official Receiver, he could not say where the money had gone, and professed total ignorance of the company's book-keeping. After further enquiries, the Board of Trade instituted prosecutions for fraud against Bottomley, Isaacs and two others. The trial began in the High Court of Justice on 30 January 1893, before Sir Henry Hawkins; Bottomley conducted his own defence.Hyman, p.

The firm´s web page finally went blank by mid-2010 shortly before filing for bankruptcy after several unsuccessful debt restructuring offers to its creditors . A Deloitte document states that "Following the refusal of the creditors to accept the proposal, the Company was deemed to have filed an assignment on June 25th, 2010 and SBDT was appointed as trustee of the estate of the bankrupt by the official receiver".

The railway was never financially successful and the Official Receiver was called in four years after opening.Welbourn, N. (1998), p. 110. The company attempted to remedy its financial problems by opening several freight branches, the most notable being to the Croxley printers and to the Grand Union Canal at Croxley Green. The company was absorbed by the burgeoning LNWR whose station it shared at Watford Junction in 1881.

This legislation provides the legal framework for two key formal insolvency solutions relevant to sole traders: namely bankruptcy and Individual Voluntary Arrangements. It also makes provision for company insolvency Bankruptcy laws vary somewhat between Scotland, Northern Ireland, Wales and England. In England, Wales & Northern Ireland, the applicable law is the Insolvency Act 1986. Bankruptcy requires the surrender of all valuable assets to the Official Receiver, including any property interests.

In 1866, the company quoted for the London, Brighton and South Coast Railway and received an order for two. The required delivery time of three months could not be met and by 1867 the firm was in liquidation. Though the order had been cancelled, work had already started and the two engines were completed for the LB&SCR; by the official receiver, and they finally ran in 1871.

At Pen y Mount, the new line came alongside the original WHR (formerly Croesor Tramway) trackbed. WHLR (1964) Ltd's intention was to extend the railway northwards up the WHR trackbed, towards Beddgelert, once they had gained access and negotiations with the official receiver and GCC continued. The line was inspected by Major Olver of the Department of Transport, and opened for tourist passenger service on 2 August 1980, trading as "The Welsh Highland Railway".

The main criteria for law graduates intending to be judges are: At least 25 years of age, an L.L.B., a Barrister-at-Law degree from the Bar Institute, and two years’ experience in the legal profession.Such as a court clerk, assistant court clerk, probation officer, official receiver, public prosecutor, practising lawyer, or other government legal officer. Judge trainees then undergo training courses and serve as judges’ assistants for not less than one year.

At a meeting of creditors on 29 January 1962 the company had a total deficiency of £521,073, the failure of the company was attributed by the directors to insufficient capital and too rapid expansion, loss of income from aircraft under repair, high wage costs and large hire-purchase payments were also cited. As the company's assets would just about cover the debts the company was handed over to the official receiver to liquidate.

An officer of the Insolvency Service of the United Kingdom, an official receiver (OR) is an officer of the court to which they are attached. The OR is answerable to the courts for carrying out the courts' orders and for fulfilling their duties under law. They also act on directions, instructions and guidance from the service's Inspector General or, less often, from the Secretary of State for Business, Energy and Industrial Strategy.

It became known colloquially as "The 64 Co", a term still used by some, despite a change of name to Welsh Highland Railway Ltd in 1996. Negotiations with the liquidator proved to be somewhat slow, mainly due to delays caused by the liquidator's ill health. During the negotiations, a price (£750) and contract had been agreed. However, just as a deal seemed close, the liquidator died and the papers passed to the Official Receiver (OR) in London.

The power to make such an order was discretionary. The grounds upon which a disqualification order could be made were later extended by section 33 of the Companies Act 1947 (subsequently consolidated as section 188 of the Companies Act 1948) following the Report of the Committee on Company Law Amendment (1945) under the chairmanship of Cohen J (Cmd 6659).per Lord Millett, Official Receiver v Wadge Rapps & Hunt UKHL 41 See now the Company Directors Disqualification Act 1986.

On 5 August 2015 the charity ceased operations and announced it would begin the process of placing itself into compulsory liquidation. On 20 August 2015, a winding-up order against Kids Company was made at the High Court of Justice of England and Wales, on the petition of Kids Company presented on 12 August 2015. On the making of the winding-up order, an official receiver – Matthew Stone – was assigned as the liquidator of the company.

The result was a 9–9 draw. Salford won the Rugby Football League Championship in 1913–14. The club had financial problems and was in the hands of the official receiver but somehow in the Championship final, beat Huddersfield's "Team of All Talents" 5–3 on 25 April 1914, this was the club's first major honour. In August 1914, the Salford Football Club Company was finally wound up and a new company, Salford Football Club (1914) Limited was formed.

On 22 May 2019, British Steel was placed into an insolvency process, putting 5,000 jobs in the UK at risk and endangering 20,000 in the supply chain. The move followed a breakdown in rescue talks between the government and the company's owner, Greybull. The Government's Official Receiver took control of the company as part of the insolvency process. Accountancy firm EY took on the role of Special Manager and is attempting to find a buyer for the business.

Lyle-Samuel's fortunes did not improve after he left Parliament. He had always had close connections with the USA and he now went to live in New York City. In 1928 debts he had built up in Britain got so large that his affairs were put into the hands of the Official Receiver. At this time he was described as residing at a hotel on East 54th Street and of being without occupation or in possession of any assets in Britain.

Intourist buses at the Palace Square, Leningrad, 1980 Intourist (, contraction of иностранный турист, "foreign tourist") is a Russian tour operator, headquartered in Moscow. It was founded on April 12, 1929 and served as the primary travel agency for foreign tourists in the Soviet Union. It was privatized in 1992 and from 2011, was 50.1% owned by the British Thomas Cook Group until its collapse in September 2019. In November 2019, Anex Tours acquired the stake from the British Official Receiver.

Condor Flugdienst GmbH continues to be an asset of Thomas Cook Group plc until the asset is sold or the liquidation is completed by the Official Receiver. On 24 January 2020, it was announced that the Polish Aviation Group, owner of LOT Polish Airlines, would acquire Condor. The acquisition was expected to be completed by April 2020 once antitrust approvals are obtained. However, on 2 April 2020 it was announced that the sale to LOT Polish Airlines had fallen through.

A bankruptcy notice can be issued where, among other cases, a person fails to pay a judgment debt. A person can also seek to have themself declared bankrupt by lodging a debtor's petition with the "Official Receiver", which is the Australian Financial Security Authority (AFSA). To declare bankruptcy or for a creditor to lodge a petition, the debt must be at least $5,000. All bankrupts must lodge a Statement of Affairs document with AFSA, which includes important information about their assets and liabilities.

Unable to meet the dramatically increased month-to- month obligations brought about by this mandatory re-acquisition, the company was subject to a Winding Up Order by a trade creditor and hence placed into Compulsory Liquidation by the Official Receiver. A 'Phoenix' company, named The Nightclub Company, was formed virtually immediately by the incumbent management team. Such an operation was short-lived, however, and it too was placed into administration in 2005. The precise circumstances regarding the collapse of TNC are unclear.

The South yard had been the main works and stabling area, which was being used by Welsh Water / Dŵr Cymru. These yards had been previously sold by the Official Receiver and had to be bought back. The north yard now contains the station building, goods shed and a large carriage shed built since restoration. This yard, which is separated from the smaller south yard by a public road and by the former standard gauge bridge, also houses the railway's engineering department and Construction Company office.

IPTO assists the Official Receiver (OR), who is a public officer, in exercising his or her duties as the liquidator of companies which are compulsorily wound-up. The OR's duties are to, amongst others, investigate the affairs of the company, realise the company's assets, adjudicate the claims of creditors and distribute the company's assets in accordance with the Companies Act. The OR also oversees the conduct of liquidators in both compulsory and voluntary winding-up by ensuring that liquidators comply with their legal obligations.

On 21 May 1986, the club called in the Provisional Liquidator and shortly afterwards, the club was wound up. In August, Rioch and 29 other non-playing staff were sacked by the Official Receiver and the gates to Ayresome Park were padlocked. Some players left, while others stayed under Rioch and coach Colin Todd. Without the £350,000 capital required for Football League registration, the death of the club was announced on Tyne Tees Television, and it seemed inevitable that the club would fold permanently.

An official receiver was appointed to pursue the former directors of the Anglo-Austrian Printing & Publishing Union for misfeasance, and other funds. It recovered £7000 in damages for misfeasance and £1200 in calls on unpaid shares from former shareholders. However, a group of debenture holders had not yet been paid. They claimed the money recovered was theirs, given that it first went to the company on which they held charges, and could not be used to pay unsecured creditors before the debentures were paid off.

In 1971, the Lines Bros group collapsed into receivership. Wrenn bought itself free from the Official Receiver and continued to trade as G&R; Wrenn Ltd, primarily selling mostly die-cast products from the former 'Hornby Dublo' line. Although they obtained rights and the tooling for most of the Hornby Dublo models, they did not acquire the Hornby brandname. Lines Bros had obtained this name as a result of buying up Hornby Dublo and used it as part of the name 'Tri-ang Hornby'.

The rear of a Mk 2 Family Three showing the additional hatch over the engine, unique to this model In August 1959, Mr C. J. Wright a Wolverhampton business man with garage and haulage interests, bought the stock, jigs, tools, fixtures and fittings, along with the rights to manufacture and the trade name of Frisky from the Official Receiver. He formed a new company Frisky Cars (1959) Ltd. and he and E F Wright became directors. A Mr G A Stuart was made general Manager.

Although in 1912 Bottomley had expressed contempt for parliament, he privately hankered to return.Hyman, p. 133 When the war ended in November 1918 and a general election was announced, he knew that to be a candidate in that election he needed a discharge from his bankruptcy. A payment of £34,000 in cash and bonds, and some hasty reorganisation of outstanding debts, was sufficient for an acquiescent Official Receiver to grant the discharge just in time for Bottomley to hand in his nomination papers in Hackney South.

Sara Page was born in 1855 in Moxley, Staffordshire, the fourth of nine children to a successful timber merchant, Samuel Page and Sara Wells Page, whose father Thomas Wells (1804–1876) was a wealthy local Ironmaster. Sam Wells Page, Sara's brother, was official receiver for Wolverhampton and Walsall and a solicitor in the Midlands. Both parents died in the 1870s,Memorial at All Saints Church, Moxley leaving to their children a considerable fortune, which helped them to live independently. Between 1884 and 1891,Wolverhampton Local Studies. DX-831/4/1.

Irving remained in UK until 1949 when he returned home to Australia, after the Vincent motorcycle business was put into receivership under Mr C E Baillie.Classic Bike, September 2002, The Vincent Story - Timeline, by Dave Minton. "1949. Vincent bankers appoint an official receiver Mr C E Baillie...Irving leaves and returns to Australia". p. 29 Accessed and added 2014-09-26 During the 1930s and 40s, Phil Irving wrote a technical column in Motor Cycling magazine under the pseudonym 'Slide Rule' some of which were later reprinted in book form as Motorcycle Technicalities.

Though he hardly bowled at all in these games, his batting continued to find success. He scored 147 on a fairly difficult pitch against Sussex in 1902,‘Gloucestershire v Sussex’; The Times; 5 August 1902 and 214 against Worcestershire in 1906. From 1907 he was appointed as Official Receiver at Stockton-on-Tees and could play only exceptionally rarely (though he would have played in the Cheltenham festival in 1908 but for a strain).Pardon, Sydney H. (editor); John Wisden’s Cricketers’ Almanack; 46th edition (1909); published by John Widen & Co.; p.

Late in July, the Inland Revenue took the club to court, claiming that it was owed £115,156 in tax arrears and so the judge issued a winding up order. On the second of August, Bruce Rioch and twenty-nine other non-playing staff were sacked by the Official Receiver and the gates of Ayresome Park were padlocked. Some players chose to remain and train under Rioch and coach Colin Todd, while others chose to leave. Steve Gibson approached the local council, ICI and Graham Fordy of Scottish & Newcastle for help.

He had an initial hearing in February 1910, in which he declared that he had been a schoolmaster, a secretary of more than one company, a journalist and songwriter. At a subsequent hearing on 28 July 1910, the Official Receiver reported that Hadath's bankruptcy had been brought on by rash and hazardous speculations. Because of this, the Registrar suspended the discharge for two years, and Hadath's discharge was to date from 28 July 1912. Hadath joined up in the First World War and served in the 6th Battalion of the Middlesex Volunteer Regiment.

Field said Carillion had "hoodwinked" the government and viewed PwC's involvement in managing the liquidation as a potential conflict of interest. Reeves said: "The dice are loaded in the Big Four's favour. They make a killing in fees advising struggling companies how to turn them round and then they pocket millions tidying up when that advice fails." In August 2018, it was reported that PwC billed for £20.4m in fees during the first eight weeks of the insolvency, charging an average of £356 an hour, with the Official Receiver, David Chapman, alone billing almost £300,000.

A fast-track voluntary arrangement (FTVA), in the United Kingdom, is a binding agreement with a debtors creditors to pay all or part of the money owed to them. A debtor can only enter into it after they have been made bankrupt. In an FTVA an official receiver acts as nominee; that is, he (or she) helps to prepare a proposal that is put to creditors and, if they accept the proposal, acts as supervisor, looking after the arrangement and making payments to creditors in accordance with the proposal.

By May 1969, the vast majority of staff had moved to the new, 'permanent', purpose-built headquarters complex in Maybush; when Ordnance Survey vacated the London Road site. Most of the late-Victorian buildings have now been cleared away, along with 20th-century buildings such as the printing building. Most of the remaining buildings are occupied by various Government agencies in conjunction with the modern court complex built on the northern part of the site, including the Crown Prosecution Service, and previously by the Official Receiver (who is now based in Commercial Road).

In 1987, this resulted in a confidential offer to buy the WHR track bed from the official receiver for £16,000 to prevent the WHR being developed. In 1989, the offer became public, causing a backlash against the FR Co. In 1990, a change of directors resulted in the FR Co.'s decision to take over the restoration of the WHR. After a long legal battle between the two companies, the FR Co. won control of the WHR track bed and it re-opened the railway in stages, starting in 1997. The line was completed in 2011.

After the success of the range during the late 1950s and 1960s, sales remained buoyant in the 1970s, and the company made its biggest profit of £3.5 million in 1978. In an attempt to keep its products contemporary Mettoy began production of the Dragon computer which was aimed at younger users. The expense of this project proved a drain on the company's resources, and profits were hit hard. In October 1983, Corgi Toys were forced to call in the Official Receiver, just three years after the demise of Dinky Toys and one year after Lesney (Matchbox).

In consequence, Burstein was bankrupted and the Official Receiver seized possession of all of his works (including Manifest Destiny). The court case and its aftermath inspired David Wilson and Anne Aylor (in collaboration with Burstein) to write The Trainer. The play covers a fictionalised version of the events of the trial, in parallel with a separate plot strand similar to one used in Manifest Destiny (that of an educated Palestinian woman with a Jewish lover, driven towards acts of violence in response to the state violence demonstrated in the Middle Eastern conflicts of the late 20th and early 21st centuries).

Carr was also the local receiver of wrecks, which meant that he was entitled to collect the salvage from all shipwrecks in the area, and guard it until it was sold in a public auction. The local receiver had a right to a percentage of the sale and to keep whatever did not sell. In 1860 Carr wrote a letter to the Official Receiver of Wrecks stating that Boycott and his men had illegally broken up a wreck and moved the salvage to Boycott's property. In response to this accusation, Boycott sued Carr for libel and claimed £500 in damages.

The bankruptcy was still underway in 1870. In 1895 the Official Receiver was still negotiating with Jonathan Higginson's widow Charlotte over stock of the North-Eastern Railway Co. Jonathon, who had died in 1859, had on his own account purchased shares in the Leeds and Thirsk Railway, with which the North-Eastern Railway Company later merged. At the time of the merger the value of the new shares in the merged railway was £3087. However, the railway never paid out the dividends accruing to those shares with the result that by 1895 the shares and accrued dividends were worth about £7000.

1991 Triumph 1200 cc Trophy When Triumph Engineering went into receivership in 1983, John Bloor bought the name and manufacturing rights from the Official Receiver. The new company's manufacturing plant were outdated and unable to compete against the technology from Japanese manufacturers, so Bloor decided against relaunching Triumph immediately. Initially, production of the old Bonneville was continued under licence by Les Harris of Racing Spares, in Newton Abbot, Devon, to bridge the gap between the end of the old company and the start of the new company. For five years from 1983, about 14 a week were built at peak production.

Thornaby-born Parkinson started his career as a junior at Everton in 1985 before signing for Middlesbrough, who were then in the Second Division, on 17 January 1986, although they were relegated at the end of the season to the Third Division. Parkinson's first team debut came in the following season on 23 August 1986 in a 2–2 home draw against Port Vale which was played at Victoria Park, Hartlepool. With Middlesbrough on the verge of extinction, the official receiver had locked the club out of Ayresome Park. However, they went on to win promotion as runners-up under Bruce Rioch's management.

At the end of his life, Rees suffered a complete reversal of financial fortune with the failure of his financial affairs, and he was adjudged bankrupt on 24 July 1930, the debt involving many thousands of pounds.The Times, 30 July 1930 After two adjournments for illness Rees finally appeared for examination on 9 December 1930. He lodged accounts showing total liabilities of £415,951 against assets of £528. However, in March 1931 his debts were discharged, despite the objection of the Official Receiver that he had engaged in rash and hazardous speculation and unjustifiable extravagance in living.

A bankruptcy cannot be annulled until this document has been lodged. Ordinarily, a bankruptcy lasts three years from the filing of the Statement of Affairs with AFSA. A Bankruptcy Trustee (in most cases, the Official Receiver) is appointed to deal with all matters regarding the administration of the bankrupt estate. The Trustee's job includes notifying creditors of the estate and dealing with creditor inquiries; ensuring that the bankrupt complies with their obligations under the Bankruptcy Act; investigating the bankrupt's financial affairs; realising funds to which the estate is entitled under the Bankruptcy Act and distributing dividends to creditors if sufficient funds become available.

Theresa May announced to parliament that HM Treasury had "agreed an indemnity for the official receiver to enable British Steel to continue to operate in the immediate future". The Guardian also reported in the same article that "The number of people employed in UK steel manufacturing has fallen by 300,000 since 1971", from 310,000 to around 10,000 in 2019. In August 2019, Oyak, a Turkish army pension fund announced that it planned to take over British Steel by the end of 2019 however talks stalled. In November 2019, Jingye Group, a Chinese TVE, agreed in principle to buy British Steel for £70 million.

If, upon the application for the appointment of a liquidator, there are concerns about potential dissipation of assets, or misconduct on the part of the directors, then the court may order the appointment of a provisional liquidator.Companies (Winding Up and Miscellaneous Provisions) Ordinance, s.193(1) Provisional liquidation is essentially an "emergency procedure". In Hong Kong there are three types of provisional liquidators. There are "traditional" provisional liquidators, appointed under section 193; there are also provisional liquidators appointed pursuant to a members' voluntary liquidation under section 228A, and there are "Panel T" appointments under section 194(1A) whereby the Official Receiver is appointed as provisional liquidator.

In July 2018, the FRC started an investigation into KPMG's audit role at collapsed drinks merchant Conviviality. In January 2019, KPMG announced it had suspended the partner that led Carillion's audit and three members of his team, and the FRC opened a second investigation into how KPMG audited Carillion's accounts. In May 2020, the FT reported that the official receiver was preparing to sue KPMG for £250m over alleged negligence in its audits of Carillion. The FRC's first report, which found a number of breaches, was delivered to KPMG in September 2020; the FRC was awaiting a KPMG response before deciding whether to take enforcement action.

150px Triumph Motorcycles (Hinckley) Ltd is the largest surviving British motorcycle manufacturer. When Triumph went into receivership in 1983, John Bloor, a former plasterer who acquired his wealth from building and property development, became interested in keeping the brand alive, and bought the name and manufacturing rights from the Official Receiver. The new company, initially Bonneville Coventry Ltd, ensured that Triumph has produced motorcycles since 1902, winning it the title of the world's longest continuous production motorcycle manufacturer. A licensing agreement granted to pattern spares manufacturer, Les Harris, kept the Triumph Bonneville in production until Triumph initiated a new range during 1990 and 1991.

The Official Receiver found that Macaulay's complaint against Yorkshire was without justification. Macaulay suggested that he should arrange for the invested money to be paid to his creditors in his will. Macaulay secured new employment, and a few days after the hearing it was announced that he would play professional cricket in Wales. Macaulay played league cricket in Wales and Lancashire until the Second World War. During 1937, he was the professional at Ebbw Vale cricket club, and in 1938 and 1939, he played in the Lancashire League as the professional for Todmorden, for whom he took nine wickets for 10 runs against Ramsbottom in the Worsley Cup final.

Nationwide Building Society took on around 250 former Carillion employees engaged in facilities management work at its offices and branches. Around 1,000 Carillion staff engaged on prison facilities management work for the Ministry of Justice were transferred to a new government-owned company, 22 workers from Carillion's power network business joined J Murphy & Sons, around 60 staff at Carillion's Newcastle-based legal services arm joined Clifford Chance, and 700 employees engaged on Network Rail projects transferred to Amey Rail; Amey paid the Official Receiver £2.1m for Carillion's rail contracts. French engineering group Egis took on Carillion's M40 upkeep motorway contract, safeguarding the jobs of around 95 Carillion workers.

By 1893 it was clear that the Spring Gardens building was too small for the increased work of the LCC. Seven additional buildings within a quarter of a mile of the County Hall had been acquired, and it was estimated that they would need to take over an average of two more houses annually. The Chancellor of the Exchequer, Sir William Harcourt, offered the council a site at Parliament Street, Westminster for three- quarters of a million pounds. Another site subsequently became available between The Strand and The Embankment, when the Official Receiver took over the partially completed premises of the failed Liberator Building Society.

When an individual been made bankrupt in the UK it's legal and advisable to have a make use of an IVA referred to as a "fast-track individual voluntary arrangement" which implies the bankruptcy order can be annulled if all the terms have been fulfilled. It is necessary to put forward a payment proposal to the creditors that allows them to be paid more than they would under the standard bankruptcy order. The official receiver runs the FTVA for the individual if they agree with the proposal. The fast-track individual voluntary arrangement is cheaper than an ordinary IVA as there are set fees and costs.

Falcon Press began encountering financial difficulties in the early 1950s. The official receiver was called in to Falcon Press (London) Ltd in 1954, and discovered a total deficiency of £290,823. A creditors' meeting in July 1954 was told that the company was "well on the rocks" by March 1950, and so often had a sheriff's officer attended at the company offices that the staff had bought a wreath on learning of his death. With Baker himself in the nursing home, his father (who was also a director) claimed that high production costs, insufficiently selective choice of books to publish and insufficient sales pressure, were responsible for the failure.

Michael Cowan reported Steve Wilkinson to the police after discovering his fraudulent actions in January 2015. Mr Wilkinson has now disappeared. The court order was made against Mr Cowan after government agency the Insolvency Service launched an investigation into the company 'Warlord' which was set up purely for the purpose of making the Film of the same name; and to which Steve Wilkinson was the sole Producer. Anthony Hannon, official receiver in the Public Interest Unit, said: “Little of the large sums raised from the public were used for the stated purposes, and there has been detriment both to the investing members of the public and to the reputation of investment in the UK film industry.

Extensive powers are available to enable the court to compel the bankrupt to do so. Similarly the court has power to undo a range of transactions entered into by the bankrupt with a view to dissipating or reducing the value of his assets in the period before his bankruptcy. Following the coming into force of the Enterprise Act 2002's bankruptcy provisions in April 2004, an England & Wales bankruptcy will now normally last no longer than 12 months and maybe fewer, if the official receiver files in Court a certificate that his investigations are complete. At the end of that period the bankrupt is discharged and he ceases to be liable for his bankruptcy debts.

After a short spell in a solicitor's office and then in the office of the Official Receiver in Bankruptcy, London Suburban and Southern District, Keens set up his own accountancy business jointly with Mr A H J Shay and went on to hold the position of senior partner in Keens, Shay, Keens and Company, Incorporated Accountants with a headquarters in the city of London.Robert Henry Parker, British Accountants: A Biographical Sourcebook; Ayer Publishing, 1980 p1900 He also had branches in Bedford, Aylesbury, Leighton Buzzard and Hitchin. He achieved some standing in his profession and was elected in 1926 to be President of the Society of Incorporated Accountants and Auditors, a position he held until 1929.

Once liquidation commences (which depends upon applicable law, but will generally be when the petition was originally presented, and not when the court makes the order), dispositions of the company's generally void, and litigation involving the company is generally restrained. Upon hearing the application, the court may either dismiss the petition or make the order for winding-up. The court may dismiss the application if the petitioner unreasonably refrains from an alternative course of action.Re A Company (No 001573 of 1983) [1983] Com LR 202 The court may appoint an official receiver, and one or more liquidators, and has general powers to enable rights and liabilities of claimants and contributories to be settled.

Wilfrid Maurice Short CB (22 June 1870-8 June 1947) was a British civil servant who served as private secretary to the statesman A. J. Balfour for 26 years. Short was born in Kilnwick, Yorkshire, and educated at the City of London School. In 1890 he joined the Civil Service as a clerk in the Office of the Official Receiver in Bankruptcy. In 1891 he transferred to the Royal Commission on Labour and in 1894 he was appointed Private Secretary to Balfour, a post he held until his retirement in 1920. During his tenure Balfour was Prime Minister (1902-1905), First Lord of the Admiralty (1915-1916) and Foreign Secretary (1916-1919), among other posts.

An individual may voluntarily petition the local Court with bankruptcy jurisdiction for a Bankruptcy Order (BO)to be made, usually by a District Judge. The petition will require a supporting statement of affairs. On the making of the BO, the Court notifies the Official Receiver (OR) and may in certain cases also appoint an Insolvency Practitioner. The OR has a dual function, to investigate the causes of financial failure and report any misconduct and to act as Trustee if no trustee is appointed by the Court.UK Insolvency Service, Bankruptcy Information A creditor may petition for an individual’s bankruptcy using a prescribed series of legal steps and must be owed a minimum fixed amount of debt of at least £750.

By this stage, a financial crisis was dawning upon the club as debts were mounting and as the 1989–90 season began, the task at Aldershot was to avoid being relegated or expelled from the Football League, rather than mounting a promotion challenge. Aldershot finished 22nd in the Fourth Division that season, and were in danger of a second successive relegation right up to the end of April. However, the financial crisis was worsening and it seemed highly doubtful that Aldershot would be able to start the 1990–91 season. On 31 July 1990, Aldershot were wound up in the High Court as the Official Receiver condemned them as "hopelessly insolvent" with debts of £495,000.

However, this appeared to conflict with decisions in Ex parte Fletcher, In re Vaughan (1877) 6 Ch D 350 and British Guiana Bank Ltd v Official Receiver (1911) 27 TLR 45.In the British Guiana Bank case the Supreme Court of British Guiana had held that the set-off could be contracted out of, and giving the judgment of the Privy Council Lord MacNaghten made no comment on this, which was argued to be tacit approval. However, the majority led by Viscount Dilhorne held that the operation of the insolvency set-off rules was automatic and mandatory upon the commencement of winding-up.[1972] AC 785 at 808F On this point Lord Cross of Chelsea dissented.

The three promotion places in this division were gained by three clubs who were among the least fancied promotion contenders at the start of the season. Champions Bournemouth were promoted to the Second Division for the first time in their history thanks to the efforts of hard working manager Harry Redknapp. Runners-up spot went to Bruce Rioch’s Middlesbrough, who had begun the season on the verge of extinction and had been forced to play their first home game of the season at Hartlepool’s ground because the official receiver had locked them out of Ayresome Park. The relegation/promotion play- offs between the Third and Fourth Divisions saw Bolton Wanderers go down to the bottom division for the first time.

Cover of Weird Tales (December 1935) in which The Hour of the Dragon was first serialized It was Howard's only full-length novel about Conan, and is considered by many to be one of his best works. It was originally written for British publisher Dennis Archer and was submitted to them in May 1934. Archer had turned down a collection of works in 1933 but made the suggestion of a novel. However, the publisher went bankrupt before the novel could be printed and it was held by the Official Receiver. The story was first published as a five-part serial in Weird Tales between the months of December 1935 to April 1936 (with chapter 20 being misprinted as chapter 21).

In Hong Kong, there are three types of provisional liquidators. There are "traditional" provisional liquidators, appointed under section 193 of the Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32); there are also provisional liquidators appointed pursuant to a members' voluntary liquidation under section 228A of the Ordinance, and there are "Panel T" appointments under section 194(1A) of the Ordinance whereby the Official Receiver is appointed as provisional liquidator. Since the decision in the Legend case in 2006Re Legend International Resorts Ltd [2006] 2 HKLRD 192 provisional liquidation may not be used as a means of shielding the company from creditor's claims to facilitate a restructuring in Hong Kong, although prior to that date the practice was relatively common.

When Stiff Records went bankrupt in 1986, MacColl was left unable to record in her own right, as no record company bought her contract from the official receiver. However, she had regular session work as a backing vocalist, and she frequently sang on records produced or engineered by her husband, Steve Lillywhite, including tracks for Robert Plant, The Smiths, Alison Moyet, Shriekback, Simple Minds, Talking Heads, Big Country, Anni-Frid Lyngstad (of ABBA) and The Wonder Stuff among others. She appeared in the videos "Welcome to the Cheap Seats" for The Wonder Stuff and "(Nothing But) Flowers" for Talking Heads (along with ex-The Smiths guitarist Johnny Marr). MacColl also set the track sequencing for U2's acclaimed breakthrough album The Joshua Tree, for which Lillywhite provided mixes.

Later in 1978 Rogers (actually Swisstone because Rogers now wasn't a company but a trading name) under Michael O'Brien and Brian Pook buy Chartwell from the official receiver. In 1993 the brand was sold off to its new Chinese owners Wo Kee Hong Holdings, who had since developed the Rogers brand to include surround sound speakers, car audio equipment, Dolby Digital receivers and plasma and LCD TV screens. Although Wo Kee Hong owns the rights to the name, it had retained Swisstone as the sole researcher and designers of the Rogers speakers, therefore preserving the brand's British origins for a while. In 1998 as a result of a dramatic downturn in its Asian exports, the company closed the last of its UK manufacturing sites, and moved all production to Asia, where it has resided since.

Escheat can still occur in England and Wales, if a person is made bankrupt or a corporation is liquidated. Usually this means that all the property held by that person is 'vested in' (transferred to) the Official Receiver or Trustee in Bankruptcy. However, it is open to the Receiver or Trustee to refuse to accept that property by disclaiming it. It is relatively common for a trustee in bankruptcy to disclaim freehold property which may give rise to a liability, for example the common parts of a block of flats owned by the bankrupt would ordinarily pass to the trustee to be realised in order to pay his debts, but the property may give the landlord an obligation to spend money for the benefit of lessees of the flats.

These were the actions of a man who knew exactly where the company was heading once it was no longer propped up by his accounting tricks." The report also recommended that the Insolvency Service should consider whether the former Carillion directors, including Adam, could be disqualified from acting as a director. On 6 August 2018, at the end of "the largest ever trading liquidation in the UK", the Official Receiver said investigations into the cause of the company's failure, including the conduct of its directors, continued. Adam disputed the select committees' assertion that he considered that payments into Carillion's pension schemes were a "waste of money". The committees' response said the presented evidence led them to this "inescapable conclusion", which was "entirely in keeping with the Carillion board’s short-termist, cash-chasing, dividend-plumping approach.

Itself under pressure to improve, in October 2018, the FRC proposed reforms, including banning audit firms from earning consultancy fees at businesses they audit, to tackle the "underlying falling trust in business and the effectiveness of audit," and severely rebuked KPMG. In January 2019, KPMG announced it had suspended the partner that led Carillion's audit and three members of his team, and the FRC opened a second investigation into how KPMG audited Carillion's accounts. In May 2020, the FT reported that the Official Receiver was preparing to sue KPMG for £250m over alleged negligence in its audits of Carillion. In June 2018, the Financial Conduct Authority said its investigation (announced on 3 January 2018) extended to allegations of insider trading in Carillion shares prior to its trading update on 10 July 2017.

On 15 January 2018, the BBC reported Carillion was to go into liquidation (as opposed to administration), the company having issued a notice to the London Stock Exchange "that it had no choice but to take steps to enter into compulsory liquidation with immediate effect". The notice anticipated an application to the High Court for PwC to be appointed as Special Managers, to act on behalf of the Official Receiver. Carillion chairman Philip Green (appointed in May 2014) said: Six UK Carillion businesses, including Carillion plc and Carillion Construction Ltd, were liquidated in the first phase. On 19 January, Carillion (AMBS) Limited was placed in provisional liquidation, and on 25 and 26 January 2018 ten UK further companies went into liquidation. Another business went into liquidation on 2 February, followed by ten more on 16 February 2018.

At the time of liquidation Carillion employed 18,257 people in the UK. Liquidator PwC began staff consultations over planned redundancies and transfers to new employers. On 2 February 2018, the Official Receiver announced an initial 377 redundancies; a further 994 redundancies were announced during February, 337 in March, 554 in April, 75 in May, 43 in June, 399 in July, and 9 in August, bringing the redundancy total by this date to 2,787 - 15% of the pre-liquidation workforce. In parallel, 13,945 jobs had been safeguarded through transfers (76% of the pre-liquidation workforce), while 1,274 employees left the business through finding new work, retirement or for other reasons; a year after the liquidation, the total number of redundancies was reported as 3,038. Around £50m in redundancy payments had been paid up to September 2018, with the final bill likely to reach £65m.

Hayward's takeover greatly improved the club's financial health, after a turbulent 1980s in which the club twice was declared bankrupt. In 1982 the club was "saved" from liquidation when it was purchased by two Saudi brothers, Mahmud and Mohammad Bhatti, as part of their company Allied Properties. However, their failure to sufficiently invest in the club saw it face several winding-up orders as well as successive relegations through the football divisions. In 1986 the official receiver was again called in and a deal eventually brokered for Wolverhampton City Council to purchase the club's stadium for £1.12 million, along with the surrounding land, while a local developer, Gallagher Estates, in conjunction with the Asda supermarket chain, agreed to pay off the club's outstanding debts in return for the building of an Asda superstore on land adjacent to the stadium.

If a bankruptcy order is made the administration of the bankrupt person's affairs is handled by a trustee in bankruptcy who must be either an official receiver (a civil servant) or a licensed insolvency practitioner appointed either by the Secretary of State or by the creditors at a meeting called for that purpose. The bankrupt's assets (excluding tools of his trade and other essentials) vest in his trustee who is obliged to realise them (generally by selling them) to pay a dividend to creditors. A bankrupt person is subject to certain restrictions, principally that he may not raise credit without informing the person from whom he is borrowing that he is a bankrupt, and that he may not act as a director of a company. He is also subject to obligations to give information to his trustee and to cooperate with him in the administration of his affairs.

Mrs Grieve's representative accused Coates of having told Mrs Grieve that the money from the will had been invested in stocks and bonds when in fact he had been transferring it to his own overdrawn account. The Official Receiver tackled Coates over £1,000 paid to him by the Imperial War Graves Commission in the interests of the Palestine War Memorial Fund, which had not yet been built. Coates admitted he received the money and that no memorial had been built, but insisted that he was entitled to keep it as payment for services rendered to the fund. He stated that it was his expenses as a Member of Parliament, renting a flat in London and visiting his constituency, which had led to his running out of ready money, as a result of which he had gone to moneylenders and ended up owing £1,836 to them.

On 19 November (seven days after the EGM) TCL wrote to the official receiver, stating their intention to attempt a financial reconstruction of the 1922 WHLR Company and offering to purchase the trackbed directly from the OR for £10,000, if the attempt failed. The OR reported this to WHLR (1964) Ltd and it was discussed at a WHLR (1964) Ltd board meeting on 12 December 1983. Further investigation led to the discovery that TCL was, in fact, a front company for the whole railway faction, and at a WHLR (1964) Ltd board meeting held on 5 May 1984, it was resolved that the five WHLR (1964) Ltd members identified as being involved with TCL should have their memberships suspended for acting contrary to the wellbeing of the company. One factor behind this decision may have been that some of the TCL directors, whilst pursuing their own independent agenda, had also put themselves up for election to the WHLR (1964) Ltd board at the forthcoming AGM.

It introduced the power of the court to make a disqualification order prohibiting a person from being concerned in the management of a company was introduced by section 75. This was subsequently consolidated as section 275 of the Companies Act 1929 and based on the recommendation of the Report of the Company Law Amendment Committee (1925-1926) under the chairmanship of Mr Wilfrid Greene KC (Cmd 2657). Application for an order was to the court having jurisdiction to wind up the company and could be made by the official receiver or the liquidator or any creditor or contributory of the company. Except where there had been a conviction the power was limited to cases where it appeared in the course of a winding up that any business of the company had been carried on with intent to defraud and the maximum period for which a disqualification order could be made was five years.

Morley, p. 65 but aside from that she had no savings of her own. During her engagement to Bert Taylor he managed her finances and encouraged her to invest in the productions in which she starred, but although she earned a considerable amount of money from Private Lives, she still was deeply in debt, at one point owing fashion entrepreneur Hattie Carnegie more than $10,000.Morley, p. 86 She opened accounts with dozens of shop owners but assumed she had unlimited credit and paid little attention to the invoices they sent. Finally, two London laundry owners, whose bills totalled just under £50, filed a writ demanding she declare bankruptcy if she was unable to settle her accounts, and Lawrence's financial affairs came under the scrutiny of the Official Receiver. On 26 February 1935, the Daily Mirror reported her assets were valued at £1,879 but her liabilities were nearly £35,000, with an additional £10,000 owed to the Inland Revenue on her earnings in the United States.

He was appointed as manager of Middlesbrough in February 1986 and his first success in management came in 1987 when he guided Middlesbrough to runners-up spot in the Third Division and promotion to the Second Division at the end of a season which had started with them locked out of Ayresome Park by the official receiver and on the verge of bankruptcy. A year later they won a second successive promotion, this time as winners of the Second Division promotion/First Division relegation playoffs. Middlesbrough showed great promise in the first half of 1988–89, but fell away badly and were relegated on the last day of the season (despite having not occupied a relegation place prior to that). He was sacked the following March as the Teessiders hovered just above the Second Division drop zone but on the brink of their first ever Wembley final in the Zenith Data Systems Cup.

In 1942, he was transferred to Paris, where he tried to obtain the Prix Goncourt.« L’Auteur, sa vie et son "histoire littéraire" », p 18 He began to make himself known to the literary milieu, and received marks of esteem from authors such as Max Jacob, Blaise Cendrars, Jean de La Varende and Jean Rostand« L’Auteur, sa vie et son "histoire littéraire" », p 19 His work amounts to a dozen novels, stories and short stories, and a few interviews. In 1950 he came to live in Saint-Rémy-de-Provence where he became friends with Louis Aragon and painters such as Hans Hartung and Mario Prassinos. He abandoned his post as official (receiver at registration) and opened a store of electrical appliances in 1951..« L’Auteur, sa vie et son "histoire littéraire" », p 22 He received the Grand prix du roman de la société des gens de lettres for De sel et de cendre in 1953 and was the first Prix de Provence for the whole of his work in 1961.

After staff made redundant claimed PwC did not provide information necessary for them to claim redundancy pay and statutory notice pay, causing financial hardship and threatening mortgages, the Official Receiver established a specialist team and said former staff should receive the necessary information within seven days of being made redundant or transferring to a new employer. In July 2018, Unite the Union launched legal action on behalf of 27 members made redundant at GCHQ in Cheltenham claiming proper consultation had not taken place. Unite later (January 2019) reported that worker redundancy payment negotiations had been made "unduly complicated" because of Carillion's complex corporate structure, and said the total amount of redundancy pay awarded to ex-Carillion workers was expected to rise to £65m. A week after the liquidation, PwC agreed with Network Rail that Carillion Construction employees to its projects would have their wages guaranteed through to at least mid April 2018, while Carillion suppliers on Network Rail projects would also be paid. 150 Carillion workers employed on smart motorway joint ventures with Kier were set to become Kier employees; 51 Carillion employees working on seven HS2 civil engineering packages awarded to the CEK joint venture were offered the opportunity to join Kier/Eiffage.