Former business associates of Chris Joseph, formerly of Hook
Advertising, are demanding to know why the agency’s creditors are still
waiting for their money more than a year after his out-of-court
settlements with Barclays Bank and the Hutchison telecommunications
Despite the undisclosed pay-out - estimated to have been around pounds 1
million - which ended a five-year legal battle, creditors are still owed
more than pounds 600,000.
The only people to have been paid so far are Joseph’s legal advisors,
accountants, and the sponsors of his legal action.
Now Robin Peach, a former Hook director, and Brian Jones, a banking
disputes advisor who worked with Joseph on his lawsuit, are attempting
to call the creditors together to discuss what should happen next.
But Bruce Ross, Joseph’s solicitor, blamed the delay on tax
’Hook was defunct for five years and so a large outstanding tax bill had
to be sorted out,’ he said. ’That is being finalised and the creditors
should be paid very shortly.’
Peach and Jones claim that the compensation figure was much lower than
it should have been and want to know just how much money is left for
Peach said: ’Our hope is that by calling the creditors together we can
get their support for a full creditors’ meeting when questions can be
Joseph, who had to fight his case while facing recurring bouts of
depressive illness, said this week that he was not aware of any plans to
call a creditors’ meeting, but insisted they would be getting a
percentage in the pound settlement.
Speaking from Leeds where he is now living, Joseph said: ’I’m trying to
steer clear of all this. My health has been shot to pieces over this.’