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 the company'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. When the original company goes under, the creditors will not receive their money; the directors of the phoenix company will have withdrawn all funds from the dissolved company.

BSB Solicitors have a large experience of successfully defending Phoenix Frauds, and will prepare your case in order to give you the best chance of acquittal.

Click here for details of a recent acquittal of a BSB Client charged with perpetrating a Phoenix Fraud.