Back in the days of Bluebird Films, NO ONE could waste or misspend money like Paul Chaplin. Chaplin, real name Paul Baxendale-Walker, also “dreamt up” a notorious Glasgow Rangers Football Club Employee Benefit Trust (EBT) tax scheme, and has now been banned from being a company director for a further ten years.
Baxendale-Walker has had his Bankruptcy Restrictions Order extended by ICC Judge Mullen at the High Court of Justice in London.
This came after he concealed his financial affairs from the Official Receiver and joint trustees.
Disgraced finance guru Baxendale-Walker can’t act as a director without the permission of the court and will need to disclose his bankruptcy if he applies for more than £500 in credit.
The court was told that he previously gave illegal tax avoidance advice to wealthy individuals.
He was declared bankrupt in the High Court in 2018 and was struck off as a barrister and solicitor.
But during this process he failed to properly disclose that he owned a home worth almost £300,000, or that he attempted to gift the house to an associate.
He also failed to disclose his part in a property in Knightsbridge which was leased out for a total of £177,000.
The Official Receiver, Anthony Hannon, said: “Paul Baxendale-Walker knew exactly what he was doing when he failed to disclose all his assets to the Official Receiver and the courts have rightly recognized the severity of his actions by restricting his activities for a decade.”
