At Newcastle County Court yesterday (25th January), the bankruptcy hearing for Liam Collins was adjourned. The judge was not satisfied that the petition had been properly served. He has therefore postponed the case for thirty-five days.
As readers will know, we at IFS have pointed out that there is documentation to show that there are actually at least four people who should be held responsible in this particular case and we strongly feel that at least those four should be required to account for the disappearance of between three and four million pounds of investors' money. It is possible that the adjournment has been called because of information arriving from various sources that casts doubt on Liam Collins' sole responsibility.