Trustees appointed in du Cann bankruptcy
Saturday 09 April 1994
Christopher Morris, of Touche Ross, and Christopher Hughes, of Coopers & Lybrand, will realise Mr du Cann's assets, investigate past transactions and pay off creditors.
Sir Edward, who quit as chairman of the trading company Lonrho three years ago, has liabilities estimated at more than pounds 1.2m, the trustees say.
In February he failed in his latest attempt to reverse a bankruptcy order made against him in the High Court in March last year.
The Official Receiver called a creditors' meeting yesterday where the trustees were appointed.
Sir Edward's financial woes stem from his involvement with a mortgage company at the centre of a City scandal. His links with Homes Assured Corporation, a mortgage broker that collapsed in 1989 owing creditors nearly pounds 11m, led to government moves to have him disqualified as a company director.
He resigned as a non-executive director of HAC in August 1989, 15 days before liquidators were appointed. The Department of Trade and Industry then started proceedings seeking to ban him from being a director of a public company. These proceedings are continuing.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
Negotiable: Tradewind Recruitment: My client is an excellent, large partially ...
£90 - £140 per day: Tradewind Recruitment: I am currently working in partnersh...
£100 - £150 per day: Tradewind Recruitment: Year 3 Teacher Birmingham Jan 2015...
£45000 - £50000 per annum + Excellent benefits: Ashdown Group: Lead Web Develo...