"JERSEY'S EVENING PROPAGANDA"
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Tuesday, 22 March 2011
"Tel 'boy' Le Main's Mate In A Muddle"
Developer given two weeks to prove he is not bankrupt
Frank and Sue Venton
A DEBT-ridden Jersey property developer who owes nearly £7 million has been given two weeks to get his finances in order as he tries to avoid being declared bankrupt.
Frank Venton appeared in the Royal Court yesterday facing an application on behalf of creditors to confirm him and his business as en désastre.
But Mr Venton persuaded the court that a planned property development in Alderney could help him settle his debts and was granted two weeks to prove that he could sort out his affairs.
Last year, a court case involving Mr Venton breaching the housing law saw former Housing Minister Terry Le Main forced to resign when it emerged he had written supportive letters to the court.