View more on these topics

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.
:

Recommended

Never mind advice and deals, sample the doggy biscuits

With regard to the fanfare that followed the launch of Metro Bank last week, I’m sorry to be sceptical but I wonder if UK consumers are gullible enough to not worry about getting the best advice and deals that are available to them. Will they simply be blinded by Sunday opening and the free doggy […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • John Lilburne 24th February 2011 at 10:51 pm

    Peter & Sara Moat are total frauds and have stolen significant sums from investors via their previous company Blue Asset Finance.They are still running Blu Debt Management & surely this must be illegal as they are both undischarged bankrupts.Complete Frauds!