Millionaire who passed assets to wife to avoid paying debts could lose home
- Posted on July 13, 2026
- By The Times
- 1 Views
- 1 min read
A high-ranking tax professional from Ernst & Young faced significant legal consequences after attempting to shield personal assets from creditors through spousal transfers. Following bankruptcy proceedings initiated in 2017, the individual accumulated substantial liabilities exceeding £600,000 in unpaid taxes, penalties, and accrued interest. Courts are now examining the legitimacy of asset transfers, potentially leading to property seizure and enforcement actions against undisclosed holdings.
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