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Bankrupt sentenced for hiding inheritance from trustee
Bankrupt from Blyth sentenced after transferring £33,000 inheritance windfall to avoid paying tax owed.
From:
15 December 2020
Lee Davis (55), of Blyth, Northumberland, appeared at Newcastle Crown Court on Friday (11 December) before Judge Prince where he was sentenced to six months imprisonment suspended for 12 months.
The court heard that Lee Davis was declared bankrupt in April 2016 following a petition by the tax authorities having failed to pay taxes he owed.
A month before bankruptcy, however, Lee Davis received more than £33,000 in inheritance from his father’s estate. Lee Davis then transferred half of the funds to his wife and paid other creditors he owed, without repaying the tax authorities.