Debt - Man avoids prison by repaying debt - 18/07/2008

 
 
 

A man has avoided being sent to jail by repaying lenders the thousands of pounds of debt he owed.

Roger Baker, a 63 year-old demolition contractor, was in almost £150,000 debt when he was declared bankrupt. He managed to get over £52,000 in credit without telling the lenders that his company had gone bust.

Baker was sentenced in Exeter Crown Court and given a 12 month prison sentence, suspended for two years, as well as 160 hours of unpaid community service. Judge Paul Darlow remarked in court: "I made a promise that if you repaid the money you would not go to prison and I am not going behind that. You have kept your end of the bargain and I will keep mine. However, your previous convictions, in addition to the current ones, mean that even outside the two-year period of the suspended sentence the consequences of further offending might be inevitable and within that two years don't bother to think about what will happen."

 
     
 
 
  04/09/2008 - Spiralling debts could make education worthless. . As debt in the UK continues to mount researchers have predicted that university education...
02/09/2008 - Student ended his life over debt. . Student Marc Olivier Assouan Wadjas threw himself off a ten storey university building in...
31/08/2008 - There is no strength in numbers. . The cost of everyday living and the current perilous state of the nation's finance...
 
  Quick Debt Guides. This is where money is owed to the lender and is an obligation to the...
Debt Management. There are two main advantages for using a DMC: Advantages The borrower does...
Debt Consolidation. Depending on your level of unsecured debt, debt consolidation (consolidating all existing debts into a...
 
  28/08/2008 - How debt can ruin families. . Unfortunately, debt is now part of most peoples everyday life, so much so that...
03/07/2008 - Reducing debt by understanding fees. . Everywhere you turn, there are seemingly endless types of costs that you incur. With...
01/07/2008 - Credit Card debt surges. . A new report shows that credit card debt has surged to its highest level...
Debt Advice
Mortgage Advice Call our debt advisers
0800 1777 197




Only Finance Ltd is authorised and regulated by the Financial Services Authority, FSA registration number: 466941. Our registered offices are 1 Kings Avenue, Winchmore Hill, London N21 3NA, company number: 05640662. Telephone 0207 377 1805.