0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Gold bullion dealer Stunt bankrupt after building up £14m debt

The recovery of a gold bullion dealer’s assets to pay off millions of pounds of debt is underway after trustees were appointed this week.

Share on LinkedInShare on TwittereCard

Insolvency and restructuring firm CVR Global was instructed on June 11 to recover up to £14m of debt built up by James Stunt – the former husband of Formula 1 heiress Petra Ecclestone – after he was declared bankrupt by the high court earlier this month.

 

Ian Defty and James Dowers, partners at CVR Global, will begin the process of identifying and realising Stunt’s assets to pay creditors, which are thought to include a gambling firm, solicitors and bodyguards.

 

Defty said: “Stunt’s assets have been protected by a criminal restraint order, but we will be working with his creditors and the CPS to identify assets that are available to realise and distribute to creditors.

 

“This, unfortunately, appears to be another case where the debtor has not dealt, or been able to deal with his creditors and consequently, creditor patience has run out and the debtor’s assets are at severe risk.

 

“This could have been less problematic for the debtor if issues were tackled earlier on and should act as a reminder to others that if you are starting to build up debt then speak to a qualified financial professional.”

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Corporate insolvencies up 30% as personal insolvencies remain low

Corporate insolvencies up 30% as personal insolvencies remain low

PwC saves 1,800 jobs at Travelex

PwC saves 1,800 jobs at Travelex

Credit Strategy launches The Car Finance Confidence Tracker

Credit Strategy launches The Car Finance Confidence Tracker

Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group