Milton Keynes bankrupt censured for giving house to her husband-to-be and hiding the fact from the Official Receiver

She was also ordered to pay a contribution towards the prosecution costs of £1,000.00. This was following a hearing at Aylesbury Crown Court after pleading guilty to transferring a residential property for no consideration to a man she married 10 months later and failing to disclose that disposal of property to the Official Receiver.

Ms Sykes conviction follows an initial investigation by the Insolvency Service and a full criminal investigation and prosecution by the Department for Business Innovation and Skills (BIS).

The court heard that at the time of the transfer of the property, a tradesman creditor was owed over £85,000 for work completed at Mrs Sykes’ home and under a judgment debt. This sum remained unpaid by Ms Sykes and contributed to that creditor’s subsequent bankruptcy.

Suzanne Majury was declared bankrupt on 19 October 2012. As such, she had a duty to disclose to the Official Receiver all information required from her regarding any assets. In spite of being made aware of this, she failed to reveal that she had transferred ownership of the property to her husband-to-be ahead of the bankruptcy order.

Glenn Wicks, the officer in charge of the BIS investigation, said:

Ms Majury knew when she was made bankrupt that had an obligation to disclose she owned this property and that had been honest, the tradesman who fitted her kitchen could have been paid from the sale of the house. Instead, she deliberately chose not to speak up and the kitchen fitter himself was made bankrupt as a result.

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