Debt firm couple resign and face bankruptcy date

Two former directors of Blu Debt Management have resigned and are facing bankruptcy proceedings.

Peter and Sara Moat are due to appear at Crewe County Court on August 3.

There have been unsubstantiated allegations that the pair got into debt over the mortgage on their £1.25m Cheshire home.

The two resigned as directors of Blu Debt Management on July 9 and the firm says they no longer have anything to do with it.

The official receiver has confirmed that the couple face a bankruptcy petition that would restrict their ability to sell assets.

The Moats were unavailable for comment.