BusinessBusiness RecoveryHamilton’s house dispute ends

Hamilton's house dispute ends

Long-running battle between bankruptcy trustee and the Hamiltons ends with sale of their £1.25m mansion Neil Hamilton's trustee in bankruptcy has obtained the full asking price for the former Tory MP's mansion, and is awaiting the end of a survey on the property to complete the sale.

Link: Hamilton in fresh row

A bid for the property was accepted by the trustee from a solicitor who agreed to pay £1.25m, the original asking price, Accountancy Age has learned.

The sale of the house signals the end of a battle between the trustee and Hamilton’s wife Christine, who argued the house was hers, therefore not part of her husband’s assets.

The trustee is preparing to negotiate ownership of the household furnishings which are understood to include a life-size cardboard cutout of Margaret Thatcher. The trustee is waiting for Christine Hamilton to make a bid for the furniture, as Neil, the bankrupt, is not entitled to it at all.

Neil Hamilton was declared bankrupt in May 2001 after a failed libel lawsuit against Mohammed Al-Fayed in the cash for questions scandal.

Louise Brittain, a partner at Baker Tilly, was appointed trustee. Since the bankruptcy, the Hamiltons’ television appearances have dramatically increased, with the couple currently regularly featuring in the current series of the Harry Hill show.

The trustee was unable to comment on the case.

Related Articles

EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

3m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

4m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

6m Alia Shoaib, Reporter
Manor Racing Formula One team company enters administration

Business Recovery Manor Racing Formula One team company enters administration

9m Stephanie Wix, Writer
Oil and gas sector insolvencies hit “new high”

Accounting Firms Oil and gas sector insolvencies hit “new high”

9m Stephanie Wix, Writer
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

7m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

8m Emma Smith, Managing Editor
Business confidence drops to second lowest level since 2011

Business Recovery Business confidence drops to second lowest level since 2011

9m Stephanie Wix, Writer