Decision details

Cabinet noted the actions that are being undertaken to recover the judgement debt and in particular noted that:

2.1      The Council is in the process of agreeing transfers to it of residential properties from Artefact Investments Limited.

2.2      The Council has commenced possession proceedings for Christina and David Cardoza’s property outside Northampton.

2.3      FRP Advisory Insolvency Practitioners LLP (Paul Allen) has been appointed as the Trustee in Bankruptcy for Anthony Cardoza.

2.4      Discussions are ongoing with Deloitte about the recovery of monies for NBC as major creditor through the First Land Limited liquidation.

2.5    Of the £200k maximum legal costs spend agreed by Cabinet at its meeting on 3rd April 2019 £141,564 has been spent.