The founder of one of Britains best known classic car dealerships has failed to block three lawsuits against him totalling more than 100 million.
Derek Hood, 58, the founder of JD Classics, had attempted to secure a form of personal insolvency known as an individual voluntary arrangement, which could have put on hold court cases over the dealerships collapse.
He secured a temporary order for an IVA, which can be used as an alternative to bankruptcy, but it was rejected in a court hearing last week, giving a green light to cases against him.
The former Essex dentist and his wife are being sued for 64 million by the administrators to JD Classics, which…
Read the full article at: https://www.thetimes.co.uk/article/green-light-for-trio-to-sue-classic-car-dealer-2wgl7gt0k