The Grand Farewell: High Court Bankrupts the Stainers
Thirty two years after residents of the Grand first confronted Michael Stainer in Court, and three and a half years after HMRC arrested Stainer, his wife Doris and Robert Richardson, the Stainers have been declared bankrupt.
As the Insolvency Register at insolvencydirect.bis.gov.uk/
These hearings took place at the High Courts of Justice on Thursday, November 8th, and also included the winding up of the other companies who featured in the original tax cases previously reported — The Grand-UK Ltd, Keppels Ltd, Keppels Cuisine Ltd and Kentish Estates Ltd.
Adrian Dante, of McIntyre Hudson, who is already acting in the liquidation of the Grand Folkestone Ltd, the Grand Folkestone Partnership and Kentish Estates Ltd, has been appointed to deal with both the individual and the remaining corporate insolvencies.
He is what is known as the Trustee in Bankruptcy. Let’s look at what he has to do now, and we refer to the guidance provided, among others, by the ICAEW, Mr Stainer’s own professional body, from which of course he might well be expelled:
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He will sell the assets of the person who owes money. He takes away most of their property (for example, their house/s and other valuable belongings) and the money collected from selling these is then shared among the people they owe money to
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He collects money due to the person or company
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He agrees creditors’ claims
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He distributes the money collected after paying costs
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He may apply to court to restore property that a bankrupt or company have disposed of in a way that is unfair to their creditors (for example if, before bankruptcy, a property had been transferred to a relative of the bankrupt for less than its full value)
The website of the Insolvency Service provides additional guidance over what assets the bankrupt can usually keep:
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Items needed for one’s job, such as tools or a vehicle
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Household items, such as clothing, bedding or furniture
F***ing Awesome News. Thank you for your continued coverage of this important issue. Richardson is imho a monkey and couldn’t organise a piss up in a brewery.
Should be some cheap flats going soon!!
So the freehold company, Hallam Estates, has lost its directors so how can it continue to pursue its litigation?
I expect the Stainers may well have got money hidden up in an Offshore bank account/s.
Many thanks for your unstinting reporting on The Grand. Much appreciated!
So no booze for sale today? A licence lapses the moment the license-holder goes bankrupt……
I also suspect that Michael Stainer knew that this day would eventually come and has planned his departure from the UK accordingly. I would be interested to learn if he has to surrender his passport.
He didn’t even have the balls to tell his staff and his tame Poodle says he knew nothing until Monday. Probably blames the Vox!!
Would you believe that the bankruptcies at the Grand are being described as ‘fake news’. Check this out: https://www.insolvencydirect.bis.gov.uk/eiir/IIRCaseIndivDetail.asp?CaseId=702581735&IndivNo=101215950&Court=HIGH&OfficeID=700000073&CaseType=B
I can assure you, the Stainers have been off-shoring undeclared assets and monies since the 1980’s.
If anyone had really wanted to “get” the Stainers and cronies, it should have been very simple, they have been committing fraud against Shepway District Council and the DWP for at least 4 decades, I wonder exactly how much in housing grants and rent benefit has gone through their hands in 4 decades, as far as I’m aware, they have never done a 100% honest deal in their entire lives…
It is obvious that Michael Stainer is propped up , supported, protected by the Establishment. This now comprises the former MP and parliamentary candidate Damian Collins who is prepared to be nominated by a bankrupt who owes ££££ to HMRC. The local Conservative Party turns a blind eye, and local councillors make no fuss content to see residents and traders duped and lives devastated by criminal activity on their door step.
Special offer! Wash your dirty money in the Grand.