A controversial loan firm which targeted bankrupts has gone into administration. Consolidated Finance Limited collapsed last week with David Rubin and Henry Lan of David Rubin & Partners LLP appointed to handle the case. The business went under following a winding-up petition presented at Manchester District Registry Court by a Mr P McCluskey acting on behalf of the estate of a Miss Emma McCluskey, now deceased. Consolidated Finance Limited targeted bankrupt individuals for business, offering them loans in exchange for having their bankruptcy annulled. In a 2013 court dispute between two former customers of Consolidated Finance and its sister firm the Bankruptcy Protection Fund, a judge lambasted the business for the high interest rates it charged despite securing its loans against equity held in the property of its customers......Read more here