A BANKRUPT former health authority chairwoman, county councillor and York property developer failed to disclose to creditors that she owned two gold watches worth £26,000, according to the Insolvency Service.

Susan Wrigley, of Bolton Percy, near Tadcaster, also failed to disclose she was owed £374,552 by two limited companies, of which she was a director, creditors were told in a letter from the service.

The failures arose in proposals made to her creditors in 2010, seeking their approval for an Individual Voluntary Arrangement.

Now Mrs Wrigley, who served for many years as a Conservative county councillor for Tadcaster East and chaired the authority’s social services committee, has entered into a bankruptcy restrictions undertaking for the next seven years.

Under the restrictions, she has agreed she must:

• Disclose her status to a credit provider when obtaining credit of more than £500

• Not act as the director of a company, or take part in its promotion, formation or management unless granted permission by the court

• Not act as an insolvency practitioner

• Disclose to those she wishes to do business with the name or trading style under which she was made bankrupt.

Mrs Wrigley, who chaired the former North Yorkshire Health Authority in the 1990s and early 2000s and was judged bankrupt in March last year at York County Court, told The Press that the watches had fetched only £10,000 for the pair at auction.

She said she had viewed the £374,552 as a “book debt” and not realised it should be viewed as a credit. “It wasn’t explained to me,” she said.

Mrs Wrigley, who established Wrigley Property Development in 1997, which in York was responsible for Fulford Chase on the site of the former Gimcrack pub in Fulford Road, last year blamed her bankruptcy on the “irresponsible behaviour of the banks, the recession and the property market coming to a full stop.”