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What constitutes property for the purposes of section 436 of the Insolvency Act 1986?

All, Insolvency, Personal Bankruptcy /

Where an individual is adjudged bankrupt, all his property (subject to certain exceptions) will vest in his Trustee in Bankruptcy immediately upon their appointment pursuant to section 306 of the Insolvency Act 1986 (“the Act”). “Property” is broadly defined in legislation. Section 436 of the Act defines property as ‘money, goods, things in action, land and […]

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Using a charging order to recover a debt secured with a personal guarantee

All, Debt Recovery, Litigation, Personal Bankruptcy /

If you are owed a debt which has been secured with a personal guarantee (“PG”) and the individual who provided that PG (“the Debtor”) has a beneficial interest in land, securities (for example, stock, dividends and interest in a trust) or has other assets, you may wish to consider imposing a charge over the same.

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Commercial Debt Recovery: Pre-Action Protocols and Conduct

All, Commercial Litigation, Debt Recovery, Litigation /

The court will expect the creditor to have sent out a Letter Before Claim to the debtor, which would set out the basis of their claim and allow a reasonable amount of time for the debtor to fully respond. For straight-forward cases, it is expected that a response should be received within a period of around 14

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Can a second annulment application be an abuse of process even though a bankruptcy order should not have been made?

All, Personal Bankruptcy /

In July 2019 the High Court held that it was an abuse of process for an individual to make a second application to annul his bankruptcy on substantially identical grounds to his first, failed, application. In the case of Lambert v Forest of Dean District Council and others [2019] EWHC 1763 (Ch) (8 July 2019) the first

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Can foreign litigants be bound by English jurisdiction clauses contained in contracts to which they are not a party

All, Business Dispute, Commercial Litigation /

Airbus SAS v Generali Italia SPA and others [2019] EWCA Civ 805 In its recent decision Airbus SAS v Generali Italia SPA and others, the Court of Appeal dismissed an appeal against a declaration that the English court had jurisdiction to determine a claim by insurers concerning damage to an aircraft pursuant to an English jurisdiction

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Employment Law and Administration-an interesting mix

All, Insolvency /

In this interesting employment case, the Employment Appeals Tribunal (EAT) found that related claims could continue despite a stay (or suspension) of court proceedings against the employer, being a company in administration. Basically paragraph 43(6), Schedule B1, Insolvency Act 1986 states that where a company is in administration, no legal proceedings can be brought or

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