A voluntary arrangement can be offered where only one creditor may stay bankruptcy proceedings. Rejection of less than the full amount by a petitioning creditor was not necessarily unreasonable.
Judges:
Mr Timothy Lloyd QC
Citations:
Times 01-Mar-1994, Gazette 11-May-1994, [1994] 1WLR 899
Statutes:
Jurisdiction:
England and Wales
Cited by:
Cited – Papanicola v Humphrys and Others ChD 14-Mar-2005
The bankrupt had continued to run his restaurant for a year, by having another company collect his receipts for him. The trustee had obtained a declaration that the sum was held in trust for the bankrupt’s estate. The director of the company who had . .
Lists of cited by and citing cases may be incomplete.
Insolvency
Updated: 28 April 2022; Ref: scu.81656