Insolvency practitioner sanctions: Nicholas Myers 5 September 2024
On 5 September 2024 a disciplinary consent order was made against Nicholas Myers of London, United Kingdom
Applies to England, Scotland and Wales
Documents
Details
Summary of complaint:
This Order is made in relation to complaints that:
Between 26 June 2020 and 2 March 2022 Mr Nicholas Myers, as Joint Administrator of “X” Limited, breached any or all of the following statutory obligations in that he: 1. Failed to obtain the consent of the unsecured creditors necessary to extend the Administration which had commenced on 27 June 2019, in accordance with Paragraph 78 of Schedule B1 to the Insolvency Act 1986.
And/or
Failed to notify the prescribed persons of the end of the Administration on 26 June 2020 and to send a final progress report, in accordance with Paragraph 80 of Schedule B1 to the Insolvency Act 1986 and Rule 3.56 of the Insolvency (England and Wales) Rules 2016, until 23 November 2021.
And/or
Failed to notify the prescribed persons of his appointment as Joint Administrator in the second Administration which commenced on 27 June 2020, in accordance with Paragraph 46 of Schedule B1 to the Insolvency Act 1986, until 23 November 2021.
And/or
Failed to issue his Proposals in the second Administration which commenced on 27 June 2020, in accordance with Paragraph 49 of Schedule B1 to the Insolvency Act 1866, until 2 March 2022.
Mr Nicholas Myers is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b.