From The Debt Advice Bureau:
Tougher Bankruptcy Restrictions for Middlesbrough Man’s Credit
Card Spending Spree
Colin Robert John Cliff, from Middlesbrough, has become the first
person in the North East region to be subjected to tougher bankruptcy
restrictions as he was found him guilty of “unreasonable
extravagance”, the Insolvency Service reported today. He will
now be subject to bankruptcy restrictions for the next three years.
Soon after losing his job last year, Mr. Cliff ran up debts of
£4,284 on his new credit card. Over twenty days he used the card
to pay for a holiday, clothes, accessories and to make cash
withdrawals, even though he had no prospect of being able to repay
what he spent. Less than six weeks later he filed his own petition
for bankruptcy with his debts now standing at an estimated £13,740.
Changes to the l…
