This case is interesting because unlike most bankruptcy petitions this one was opposed not only by the debtor but also by 8 other creditors on the basis that the debtor would be able to make enough money if he was allowed to continue to work. However, if he was to be made bankrupt his credibility would be lost and he would not be able to continue with his work therefore not be able to pay any of his debts.
Speechly Bircham LLP, which became Charles Russell Speechlys following a 2014 merger, had secured the order against financial adviser Jonathan Digby-Rogers last September. But the debtor successfully challenged the order after telling the court he stood to make enough money to pay his debts from his advice on a multi-million mining project in Mongolia. He contended that if he was made bankrupt then his credibility would be lost and he would lose his role in the deal, leaving no prospect of recovering any fees.
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