Indian-origin man's bankruptcy restrictions extended for 10 years in UK
Bankruptcy restrictions imposed on an Indian-origin man in central England over financial misconduct has been extended for 10 years after it emerged that he had concealed an asset from the state.
Sukhwinderjit Singh Sanghera, also known as Sukhi Sanghera, from Leamington Spa town was declared bankrupt in August 2017 by an order of the County Court in Warwick, with debts of over 140,000 pounds.
He had his affairs passed into the control of the Official Receiver for the UK's Insolvency Service and he was obliged to disclose all his assets to officials, including property. However, he failed to mention that he was the sole owner of a rental property in Coventry that generated a monthly income of 1,900 pounds.
"Sukhi Sanghera not only concealed a significant asset from the Official Receiver but also concealed its value from his creditors. He was completely prepared to leave them out of pocket, said Kevin Read, Official Receiver for the Insolvency Service.
The 10-year extended bankruptcy ..