11 year bankruptcy restriction for Staffordshire woman

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Wilson has been made subject to an 11-year bankruptcy restriction for withdrawing 161,725 euros in cash on credit cards in the Netherlands which belonged to her Dutch employer.

An investigation by the Insolvency Service found that during her time employed as a bookkeeper in Holland between August 2009 and July 2011, she made repeated cash withdrawals on the credit cards totalling 161,725 euros.

Wilson was arrested by the Dutch authorities in July 2011 and was convicted in 2014 of committing theft with a false key, forgery of documents and employee embezzlement. She completed community service in Holland but her employer pursued her for compensation of the embezzlement which led to them petitioning for her bankruptcy. The bankruptcy order was made against her on 17 August 2016.

The bankruptcy undertaking was accepted by the Secretary of State on 21 July 2017 and means Wilson will be bound for 11 years by the restrictions set out in insolvency law until 2028. In addition, she cannot manage or control a company during this period without leave of the court.

The total liability to Wilson’s employer was 203,496 euros, roughly £175,000 at the time of the bankruptcy order, which has materially contributed to her deficiency in bankruptcy.

Commenting on the case, the Official Receiver, Kevin Read at the Insolvency Services said:

The Insolvency Service always looks very closely at individuals who demonstrate dishonesty and takes action where wrongdoing is uncovered.

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