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Sheriff approves application for BRO 23/02/2012 Scotland's insolvency service, Accountant in Bankruptcy (AiB), recently secured another Bankruptcy Restriction Order (BRO) where an individual had behaved irresponsibly prior to the award of bankruptc

Sheriff approves application for BRO

Scotland’s insolvency service, Accountant in Bankruptcy (AiB), recently secured another Bankruptcy Restriction Order (BRO) where an individual had behaved irresponsibly prior to the award of bankruptcy.

Graeme Edmundson Calvert, from Lockerbie, received a BRO after Sheriff Ross agreed with AiB that his misconduct was sufficient to warrant a BRO lasting nine years. The effects of the BRO mean that restrictions are placed on his future access to credit, the ability to manage a business and the types of employment opportunities available to him during the term of the Order.

The Sheriff was informed that Mr Calvert had gambled and lost more than £800,000 over a two year period. This included gambling over £400,000, received from Dumfries and Galloway District Council for the specific purpose of paying VAT bills to HMRC for a nursing home which he operated. AiB also informed Sheriff Ross that Mr Calvert had disposed of a number of vehicles, but was unable to account to AiB as his appointed trustee, for the money from their sale.

BROs were introduced in 2008 to offer protection to creditors and businesses and impose certain restrictions on debtors who have acted inappropriately when made bankrupt, or expect to be made bankrupt. There are various types of behaviour which can lead to a BRO, including gambling, extravagant living, speculation and failing to co-operate with their trustee. The restrictions can apply for between two and 15 years after bankruptcy.

“Bankruptcy Restriction Orders and Undertakings are central to protecting not just the bankruptcy process, but the people and organisations owed money who suffer financially from irresponsible or unscrupulous behaviour.” said Rosemary Winter-Scott, agency chief executive of AiB. “In this specific case, money which could have gone to the debtor’s creditors could not be accounted for and was recklessly gambled away. This sort of misconduct can have far reaching consequences, not only for creditors but for all parties involved.”

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