Thursday February 27, 2020

Marley faces potential bankruptcy as he fails to do deal with creditors

30th September, 2018
Businessman Philip Marley

Businessman Philip Marley has failed to reach a settlement with his creditors, pushing him closer towards bankruptcy.

Last month, Marley was granted a 40-day extension of a protective certificate by the High Court, as part of a personal insolvency process which he entered into voluntarily.

However, the move, which warded off any legal action from his creditors for the duration of the protection period, a total of 110 days, failed to produce a debt settlement.

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