Insolvency Debt in UK Law

  • Re Ashpurton Estates Ltd
    • Court of Appeal (Civil Division)
    • 07 May 1982
    ... ... Other debts are only £483 and £300. If Victoria's debt is treated as unsecured, the assets are estimated to produce £66,553. On ... expressed a strong view that, given no actual liquidation, insolvency was irrelevant. Clauson J. in L. H. Charles clearly regarded insolvency ... ...
  • National Westminster Bank Plc v Spectrum Plus Ltd and Others
    • House of Lords
    • 30 June 2005
    ... ... Section 175(2)(b) of the Insolvency Act 1986, re-enacting a rule that was first introduced over 100 years ago ... for an incorporated company…, for the purpose of securing any debt or other obligation (including a cautionary obligation) incurred or to be ... ...
  • Cambridge Gas Transport Corporation v Official Committee of Unsecured Creditors of Navigator Holdings Plc and Others
    • Privy Council
    • 16 May 2006
    ... ... In corporate insolvency, on the other hand, the insolvent company continues to be owner of its ... proceedings to establish rights which are challenged: proofs of debt may be rejected; or there may be a dispute over whether or not a ... ...
  • Re Hawk Insurance Company Ltd
    • Court of Appeal (Civil Division)
    • 23 February 2001
    ... ... petition for winding up, pursuant to section 122(1)(f) of the Insolvency Act 1986, on the grounds that it was unable to pay its debts. That ... this deed of arrangement cannot be treated as a release by him of the debt due from the company." ... 29 I have ... ...
  • Richard Dale Agnew and Another v The Commissioner of Inland Revenue and Another
    • Privy Council
    • 05 June 2001
    ... ... acquired an importance in English commercial life which the Insolvency Law Review Committee (1982 Cmnd. 8558 at para. 1525) later considered ... payable out of the proceeds of a floating charge in priority to the debt secured by the charge ... 10 A second mischief arose from the ... ...
  • Singularis Holdings Ltd v Price Waterhouse Coopers
    • Privy Council
    • 10 November 2014
    ... ... It is currently conferred by section 221 of the Insolvency Act 1986. The Bermuda courts have no equivalent power ... 10 The ... and absolute right under his judgment and exposed him to having his debt written down to a figure consistent with the rateable distribution of ... ...
  • Re Atlantic Computer Systems Plc
    • Court of Appeal (Civil Division)
    • 25 July 1990
    ... ... important points concerning administrations under Part 2 of the Insolvency Act 1986. We shall need to add more detail at a later stage, but for ... of the owner of that property to that of an unsecured creditor whose debt became due before the insolvency. If this is right, as I think it is, it ... ...
  • Re Telewest Communications Plc
    • Chancery Division
    • 21 June 2004
    ... ... are inter-related and Telewest Jersey's principal asset is the debt due to it from Telewest which is an asset located in England. It is ... a scheme of arrangement is put forward as an alternative to insolvency, the rights to be compared, in order to see whether the scheme involves ... ...
  • Wastell and Another v Stanford International Bank Ltd and Another Serious Fraud Office (Intervening)
    • Court of Appeal (Civil Division)
    • 25 February 2010
    ... ... In the Matter of the Cross Border Insolvency Regulations 2006 ... A3/2009/1565 & 1643 CAO No. 13091 ... under article 22; (d) may be exercised in respect of a debt owed by the Crown. (3) Paragraph (2) has effect subject to ... ...
  • Roberts Petroleum Ltd v Bernard Kenny Ltd
    • House of Lords
    • 10 February 1983
    ... ... a representative of the solicitors acting for Roberts that the insolvency of Kenny was fully appreciated by Roberts and those acting on its behalf ... judgment against Kenny in default of appearance for the amount of the debt and costs. On the same day Roberts applied for and obtained from the ... ...
  • See all results

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT