Football Sport Auctions LIQUIDATOR REPORT

[overlap]

Hi,
Don't know if anyone else on here who was left out of pocket by the odious Lane's FSA operation has got the Liquidator's Report today.

Some highlights, or lowlights:

1) Company account unfortunately had just a piddling £104.88 in it
2) There were 57 creditors
3) Owed some £178,070
4) Lane's firm managed to run this debt up since just Dec 2010
5) Lane declared himself bankrupt on 19 July last year

Here is a potential kicker, the liquidator states:

"I did identify many transactions that on face value could represent transactions at an undervalue, preference, and or general misfeasance in accordance with insolvency legislation."

He then chased Lane for £200k that should have been paid by the director to the company for "the benefit of creditors", but was informed Lane had pulled his bankruptcy move.

But I wonder if the damning words above may lead to some more action, civil or otherwise, against our friend from the Wirral.

[manchesterunitedman1]

overlap wrote:

Hi, Don't know if anyone else on here who was left out of pocket by the odious Lane's FSA operation has got the Liquidator's Report today. Some highlights, or lowlights: 1) Company account unfortunately had just a piddling £104.88 in it 2) There were 57 creditors 3) Owed some £178,070 4) Lane's firm managed to run this debt up since just Dec 2010 5) Lane declared himself bankrupt on 19 July last year Here is a potential kicker, the liquidator states: "I did identify many transactions that on face value could represent transactions at an undervalue, preference, and or general misfeasance in accordance with insolvency legislation." He then chased Lane for £200k that should have been paid by the director to the company for "the benefit of creditors", but was informed Lane had pulled his bankruptcy move. But I wonder if the damning words above may lead to some more action, civil or otherwise, against our friend from the Wirral.

does any of this surprise you at all?
_________________
To see 20,00++ original items relating to Newton Heath & Manchester Utd 1878-2023 then visit www.flickr.com/photos/manchesterunitedman1/sets to see entire uploads.

1000's more images to be uploaded, to view the latest uploads go to www.flickr.com/photos/manchesterunitedman1/

Click any images 23+ MILLION views to date to the Flickr site since 2007 growing every day. New Uploads weekly. Thank You to one & all for visiting!

[DENBIGH]

I see Andy Lane is trading again on Ebay
Seller Default user image

Member ID
yolandabcool26

[manchesterunitedman1]

DENBIGH wrote:

I see Andy Lane is trading again on Ebay Seller Default user image Member ID yolandabcool26

not the slightest bit

Anyway-well noted.
_________________
To see 20,00++ original items relating to Newton Heath & Manchester Utd 1878-2023 then visit www.flickr.com/photos/manchesterunitedman1/sets to see entire uploads.

1000's more images to be uploaded, to view the latest uploads go to www.flickr.com/photos/manchesterunitedman1/

Click any images 23+ MILLION views to date to the Flickr site since 2007 growing every day. New Uploads weekly. Thank You to one & all for visiting!

[DENBIGH]

Another Ebay account spotted

georgeboy10