Partner Louise Brittain said the impending final settlement would split the proceeds of Aitken?s estate between creditors and the Aitken Children?s trust.
Brittain said the individual voluntary agreement would save the DTI £300,000 in bankruptcy costs.
Aitken would also keep a pension of about £50,000 per year, according to creditor the Guardian Newspapers.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies