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Becker bankruptcy saga continues

Boris Becker may have been made bankrupt in 2017 but, after his trustees in bankruptcy successfully delayed his automatic discharge, the proceedings continue to rumble on. 

A trial is scheduled to take place in Southwark Crown Court later this month dealing with 24 charges against Mr Becker. The charges relate to the purported concealment of assets including medals, trophies, a London apartment, two German properties and approximately £1.8m. It is alleged that Mr Becker failed to deliver up various assets to his trustees including his winner's trophies from Wimbledon in 1985 and 1989.

This drawn out saga should be a warning to bankrupts who fail to cooperate with the investigations of their trustees in bankruptcy and to deliver up any assets falling within the bankruptcy estate. Had he fully cooperated and properly discharged his duties, Mr Becker ought to have been automatically discharged from bankruptcy in June 2018. Nearly four years on, he remains an undischarged bankrupt and is subject to a bankruptcy restriction undertaking which is due to continue until October 2031. 

He denies nine counts of failing to hand over his trophies along with charges of concealing property, removing property required by the receiver, failing to disclose details of his estate, and concealing debt.

Tags

restructuring and insolvency, bankruptcy