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.
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration