Questions you have before making a decision to go Bankrupt and the Bankruptcy process

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By JaneClack
#283383 Bankrupt given eight-month prison sentence for perjury

Sep 30 2011
Thomas George Stocking, a bankrupt, has been sentenced to eight months imprisonment after pleading guilty to two counts of perjury at Worcester Crown Court. Mr Stocking’s conviction follows an initial investigation by The Insolvency Service and a full criminal investigation and prosecution by the Department for Business, Innovation and Skills (BIS).

The investigation showed that after being made bankrupt in December 2009 Mr Stocking, aged 58 of Ledbury, Herefordshire lied to the Official Receiver by claiming that he was unemployed when in fact he was working as a chauffeur.

He first claimed this in the statement of affairs that accompanied his petition for bankruptcy, and repeated it in two narrative statements given to the Official Receiver who was investigating his affairs. His persistent lies concealed earnings of £58,561.25 and prevented the Official Receiver from considering obtaining an Income Payments Order.

Mr Stocking was sentenced to six months imprisonment for the first count of perjury, and eight months imprisonment for the second count to run concurrently.

Commenting on the case, DCIO Liam Mannall from the Department for Business Innovation and Skills said:

“Individuals who seek refuge from overwhelming debt through bankruptcy have an obligation to be truthful about their financial circumstances. Mr Stocking chose, on more than one occasion, not to disclose his employment position. He now has a criminal conviction and finds himself in prison as a result.”