TechnologyAccounting SoftwareBaker Tilly seeks end to Aitken fight

Baker Tilly seeks end to Aitken fight

Baker Tilly will this week apply to the High Court to seek directions on how Jonathan Aitken’s assets should be treated, and to end its ongoing battle with the disgraced minister by securing repayment of his £2.2m debts.

The emergency meeting has been fixed following the highly publicised attempts by the former MP’s powerful friends to prevent the accountancy firm selling Aitken’s books and papers and securing rights to his £24,000 annual pension.

Baker Tilly and its solicitors Stephenson Harwood will be heard before Mr Justice Rattee and it is hoped this will end speculation about what can be treated as an asset.

Buchler Phillips managing partner Simon Freakley said: ‘Applying to the court for directions is a last resort but it is a routine procedure when a firm appointed by the court in the first place gets stuck.’

Under current bankruptcy law, creditors are allowed to seize all assets other than books, means of transport, basic domestic items and things that are identified to be tools of the bankrupt’s trade.

Aitken is fighting to keep his books by claiming that he needs them for his work, although the value of his archive make it unlikely that he will be allowed to keep the original copies, which under law can be replaced with cheaper versions.

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

3w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

8m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor