When asked to find that a voluntary arrangement was unfair to a particular creditor, the court was not limited to looking at how much the creditor might receive in bankruptcy proceedings, but could look more widely at what the other effects might be of not recognising the arrangement. Those consequences might include possibilities other than bankruptcy, including litigation over the debts.
Citations:
Times 27-Jul-2000, Gazette 27-Jul-2000
Jurisdiction:
England and Wales
Insolvency
Updated: 10 May 2022; Ref: scu.81650
