A billionaire property tycoon has declared chapter only some brief months after bragging he had constructed a £1.9billion fortune.
Robert “Bob” Bull, made it in to The Sunday Times wealthy listing for the primary time this yr in 88th place. The 46-year-old’s £4billion firm RoyaleLife, which turned caravan parks into bungalow villages, had 2,000 workers.
He had a £10million mansion that got here with its personal bowling alley, 12 supercars value £5million together with the world’s quickest Porche 911 Turbo, a butler, and a second house in Norway value £1million. He’s additionally engaged to beautiful Norwegian mannequin Sara Nilsen in addition.
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However, regardless of appearances, he didn’t actually, have all of it.
(Image: Instagram)
Bull not too long ago filed for chapter with a Southampton county courtroom, owing £725million to collectors.
Bull is alleged to owe this eye- watering quantity throughout 22 loans, and it is reported the businessman is making an attempt to get a person voluntary association (IVA) to cut back the determine.
This means Bull hopes collectors will settle for 0.25% of what he owes them, lowering his debt all the way down to £2million.
Bull’s lawyer mentioned: “Its not a great return to the creditors, but it is a return.”
(Image: Instagram)
However, one of many creditor’s attorneys dismissed the IVA, saying: “We don’t know of any creditors saying ‘Oh yes, 0.25 pence in the pound, that would be marvellous.
“Mr. Bull’s earlier claims to be very rich have been flawed.”
A category motion chapter petition in opposition to Bull has been made.
The Sun experiences Bull was embroiled in a authorized battle in September over £32million of unpaid debt.
(Image: Instagram)
This is Bull’s second chapter declaration, having bounced again from the brink of monetary break and a £3.5million debt in 2016.
LadBible experiences Bull’s dad got here out of semi-retirement to assist his son borrow £9.7million, which enabled the enterprise man to choose himself again up.
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