A Sheffield businessman who failed to disclose he jointly owned a £409,000 Peak District cottage when he declared himself bankkrupt has been ordered to carry out unpaid work.
David Dann, aged 47, failed to tell the authorities he jointly owned Trinity Cottage in Ashford-in-the-Water, Derbyshire, with his mother, when he filed a petition for bankruptcy in February at Sheffield County Court.
At the time, he had a deficiency of more than £65,000.
David Baines, prosecuting for the Department of Business, Innovation and Skills, had previously told Sheffield Crown Court Dann helped his mother re-mortgage the cottage for £265,000 in 2007.
It was re-mortgaged again for £325,000 the next year and Dann received £37,000 from his mother a few weeks later.
His name was placed on the title deeds and he claimed the money was a loan from his mother and not from the proceeds of the re-mortgage.
Dann, of Chancet Wood Rise, Greenhill, admitted failing to disclose the information under bankruptcy laws.
Richard Sheldon, for Dann, had previously told the court: “It was not a fraud, it was an allegation of dishonesty.
“He is struggling to get back on his feet, but wants a line drawn under this.”
Mr Sheldon said Dann was hopeful he would be able to return to work in his security business.
Sentencing had been adjourned until this week after the court was told Dann was awaiting hospital cancer tests.
And Judge Robert Moore was told this week that there were no health issues to stop Dann carrying out unpaid work.
Judge Moore sentenced him to a 12-month community order and ordered him to carry out 60 hours of unpaid work.
Sentencing, Judge Moore told Dann said: “This was a serious matter, but not as serious as requiring a sentence of custody.”