We deal with Phoenix Fraud allegations at our bsb city office.
Phoenix fraud
A Phoenix fraud is where a series of companies are set up in order to defraud creditors.
- A company will be set up in order to carry out a particular trade and then will be wound up without paying it's creditors.
- The Directors (or Shadow Directors) then create another company, carrying out the same or similar line of business under a different trading name.
- As the Directors of the Phoenix company will have withdrawn all funds from the dissolved company, creditors will not receive monies owed to them when the original company goes under.
- BSB Solicitors have extensive experience of defending Phoenix Frauds. We will prepare your case diligently and appoint experts, where necessary, in order to give you the best chance of acquittal.
