Scoop has an Ethical Paywall
Bankrupt sentenced for managing companies
Bankrupt sentenced for managing companies
A bankrupt has been sentenced to 262.5 hours of community service for managing companies without permission.
Grant Norman King was sentenced in Waitakere District Court today, after pleading guilty in June to two charges of managing a business without the consent of the Official Assignee.
King, 56 of Auckland, managed two businesses, NZ Sleepouts and NZ Kennels. King was adjudicated bankrupt on 14 October 2010.
The charges were laid by the Ministry of Business, Innovation and Employment.
It is illegal to own or manage a business whilst bankrupt without the permission of the Official Assignee. The maximum penalty per offence is up to two years imprisonment and fine of up to $5,000.
ENDS
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
University of Canterbury: What Makes People Tick Environmentally?
Gallagher Security: Release Of New Command Centre Unlocks New Era Of Security Tech
Fix & Fogg: NASA Hand-picks Kiwi Nut Butter Brand To Travel To Space In NZ First
Citizens of the Sea: Sailors To Revolutionise Our Understanding Of Pacific Biodiversity
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
