Seven-year directorship bans for sisters (Karen Mortimer, 67, and Joanna Seawright, 54) who enabled insolvency avoidance scheme and put creditors at risk of financial loss

Seven-year directorship bans for sisters (Karen Mortimer, 67, and Joanna Seawright, 54) who enabled insolvency avoidance scheme and put creditors at risk of financial loss

Our thanks to Jeff for this. The start of the piece from The Insolvency Service: “Karen Mortimer and Joanna Seawright have been disqualified for their part in a scheme designed to subvert insolvency legislation. Both facilitated the Atherton corporate rescue scheme by becoming directors of a combined 138 struggling companies without independently verifying their financial positions, failing to look into the location of more than £42 million in a…