Having spent years fighting tooth and nail to avoid bankruptcy, in the end, the former millionaire bowed to its inevitability and consented to the petition against him by one of his creditors, the UK private equity firm Maven Capital.
At the age of 33, Philip Marley floated his property firm Ely on the stock exchange in London and became a millionaire. Now he is fighting bankruptcy in a long and acrimonious battle with a private equity firm.
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