The Personal Injury Compensation Specialists UK |
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| UK Compensation Claim Company > Latest Personal Injury News | ||||||||||||||||||||||
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The Personal Injury & Accident Compensation Claim Specialists |
Begbies Traynor partner Paul Stanley said: ‘We have gone
for the [asset-freezing] injunction to make sure that
the money will not have been spent [by the time the main
proceedings are heard]. Mr Langford will have to ask the
court before he is able to sell the assets.’
Six other directors undertook agreements not to act as directors for several years, earlier in the year. A spokesman for the couple’s lawyers, Maclay Murray & Spens, said the firm could not comment on ongoing litigation. This news item has been reproduced with the permission of the CSC (Claims Standard Council). Click here to view the original article. Visit the CSC website to sign-up for their newsletter.
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TAG liquidator Begbies Traynor won
an application to freeze Mark Langford’s Spanish villa and
£1.5 million yacht, as well as certain bank accounts.
The liquidator is currently investigating the validity of an £11 million dividend paid out by TAG in 2001. Mr Langford could be disqualified from holding a directorship for up to 15 years, following proceedings being brought by the Insolvency Service, part of the Department of Trade and Industry. His wife and fellow director Debbie faces similar proceedings. In addition, Mrs Langford was last month ordered by the High Court to repay £253,220, in relation to her salary as a director of TAG. She was also ordered to pay £45,000 in costs, and around £70,000 in interest.
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UK Personal Injury Lawyer specialising in Accident Compensation Claim, Personal Injury Settlements, No Win No Fee* Claims
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