Saturday 23 September 2017

Gilson still faces jail threat as liquidator criticises statement

Tim Healy

MODEL Glenda Gilson and her brother Damien are still facing the prospect of being jailed for their alleged failure to provide full financial statements in relation to a company of which they are directors.

The High Court heard that while Ms Gilson (30) had filed a statement of affairs, the liquidator to Gilson Motor Company was unhappy with it.

And her brother only handed over his statement of affairs to the liquidator in court yesterday. His counsel said there had been a mix-up which led to a delay in doing so.

Counsel for Ms Gilson said she was a non-executive director as "an accommodation" to her brother who was managing director of Gilson Motor Co, Annaly Drive, Onger Wood, Dublin 15, which was wound up last March after it failed to pay a €141,937 tax bill.

She had no access to books and records and had, to the best of her ability, provided a statement of affairs.

Counsel for the liquidator, Gary Lennon, of Lennon Corporate Recovery, told Ms Justice Mary Finlay Geoghegan he was very unhappy with the content of Ms Gilson's statement of affairs.

Last month the judge warned the Gilsons it was extremely serious that they were not complying with their obligations. Failure to do so could result in the court dealing with an application to attach and commit them to prison and there would also be the question of costs.

Yesterday, the Gilsons attended court where the judge ordered that the application could stay in place for another two weeks.

Irish Independent

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