Insolvency practitioner sanctions: Gareth David Rusling 26 July 2016
On 26 July 2016 a Disciplinary Consent Order was made against Gareth David Rusling, of Sheffield
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A creditor complained that Mr Rusling, in his role as Liquidator, breached the fundamental principle of Professional Competence and Due Care when he failed, for a period of 8 months, to file an annual statement of Receipts and Payments at Companies House.
Accordingly, Mr Rusling was found liable to disciplinary action under the IPA’s Articles of Association.
The sanction imposed reflects the fact that this was an isolated occurrence and there were no prior findings against Mr Rusling for a failure to file statutory documents. However, the sanction imposed takes into account the fact that the omission was brought to Mr Rusling’s attention within 2 months yet he failed to address it.
The Investigation Committee decided to impose a disciplinary Order that Mr Rusling be reprimanded and pay a fine of £500.