Imperial Consolidated co-founder Lincoln Fraser has staved off personal bankruptcy – at least for the time being – after a commercial rent debt of £16,599 (US$26,600) was paid at the eleventh hour.
A petition to have Fraser declared bankrupt was due to be heard at Grimsby County Court, England on January 20, 2003. It did not proceed after payment in full was made earlier in the month, said a spokesman for the petitioning creditor, Nadan Properties Ltd., of London.
Articles Featured Fraud Imperial Consolidated Investment United KingdomJanuary 31, 2003
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Andrew Crawshaw Fraser Brook Partnership Hugh Allen Imperial Consolidated Jared Brook