Finance Director Handed 7-Year Bankruptcy Restriction

Law360, London (February 6, 2019, 7:30 PM GMT) -- A finance company director who racked up losses of more than £177,00 ($230,000) has been handed a seven-year bankruptcy restriction order after breaching insolvency rules, a U.K. government agency said Wednesday.

Terence Coventry, former sole director of Alliance Traffic Services Ltd., which collapsed in November 2017, was given a seven-year bankruptcy restriction by the Insolvency Service after it emerged that his mismanagement of company accounts and invoices left the company with shortfalls of more than £177,000.

Lincoln County Court handed down the bankruptcy restrictions order on Jan. 10, meaning Coventry cannot promote, manage or be a director of a limited company...

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