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Insolvency practitioner sanctions: Kevin McLeod 13 June 2023

On 13 June 2023 a Consent Order was made against Kevin McLeod, of AABRS Limited

From:
The Insolvency Service
Published
11 September 2023

Documents

Consent Order Kevin McLeod

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Details

Summary of complaint: In March 2020, Mr Kevin McLeod:

  1. When acting as Trustee in fifteen Protected Trust Deeds, a. failed to timeously submit statutory accounts and Form 4s to the Accountant in Bankruptcy, in breach of paragraph 8.1 of Statement of Insolvency Practice 3A, and

b. failed to administer the cases diligently and timeously

  1. When acting as Trustee in seven bankruptcies, a. failed, in five of the bankruptcies, to timeously submit statutory accounts to the Accountant in Bankruptcy, in breach of paragraph 5.3 of the Accountant in Bankruptcy’s Notes for Guidance for Trustees and

b. failed, in three of the bankruptcies, to timeously submit statutory proposals for the discharge of the debtors, in breach of paragraph 2.22 of the Notes for Guidance for Trustees.

  1. When acting as the appointed liquidator in eleven corporate insolvencies, failed to timeously submit Forms 4.5 and 4.6 to the Accountant in Bankruptcy for filing, as required under the Insolvency (Scotland) Rules 1986 (ISR)

  2. Dishonestly stated to ICAS that he had submitted statutory forms to the Accountant in Bankruptcy timeously

Therefore, Mr Kevin McLeod is in breach of Regulation 4.12 of the ICAS Insolvency Regulations, and the fundamental principles of professional competence and due care, and professional behaviour, contained in the Code of Ethics with regards to complaints 1-3 and also in breach of the Code of Ethics integrity with regards to complaint 4.

Published 11 September 2023

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