Chappell faces fourth bankruptcy to pay £9.5m BHS pension contributions

Chappell was last week convicted of tax evasion and jailed for six years after failing to pay corporation tax and VAT at the same time as neglecting to disclose dividend income while spending money on luxury boats, a car, and a holiday to the Bahamas. This followed multiple court judgments which resulted in Chappell being demanded to pay £9.5m to the pension schemes, as well as £124,000 in fines and court fees for failing to provide information to The Pensions Regulator (TPR). One avenue for HM Revenue and Customs (HMRC) to reclaim the unpaid tax is to seek a petition for bankruptcy f...