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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS