Christopher Michael Hutcheson’s bankruptcy restrictions extended by four years after disposing of his share of property proceeds to his wife
Christopher Michael Hutcheson (72) of Wrotham Heath, Kent, received a four-year Bankruptcy Restrictions Order (BRO) from the High Court.
He is now banned from running limited companies and must disclose his status when he attempts to secure £500 or more in credit.
The Official Receiver found that Christopher Hutcheson had transferred his share of the sale proceeds of his family home in September 2017 amounting to more than £328,000.
Christopher Hutcheson transferred the money five months before applying for his own bankruptcy in February 2018 despite having promised the proceeds of the sale to the tax authorities, the court heard.
The Judge found that some of the evidence put forward by Christopher Hutcheson to explain these transactions were disingenuous.
A Bankruptcy Restrictions Order was made at the High Court by Chief Insolvency and Companies Judge Briggs on 5 November.
Fiona Cushley, Deputy Official Receiver at the Insolvency Service, said:
Notes to Editors
Christopher Michael Hutcheson is of Wrotham Heath in Kent and his date of birth is 14/05/1948.
He was the former Chief Executive of Gordon Ramsay Holdings Limited.
Bankruptcy restrictions are wide-ranging. The effects are the same whether you are subject to a bankruptcy restrictions order or to an undertaking. Guidance on the main statutory consequences flowing from a bankruptcy restrictions order or undertaking.