BusinessBusiness RecoveryAitken settles terms with creditors

Aitken settles terms with creditors

Mid-tier firm Baker Tilly has reached an agreement with Jonathan Aitken?s creditors which would formally release the disgraced former cabinet minister from bankruptcy.

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.

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