A general followed by a specific assignment of book debts anticipating a bankruptcy was effective against the trustee in bankruptcy. The specific assignments were not for an undervalue, and were intended to give effect to and perfect the general assignment. The transactions would have effective in the reverse order, and should not be avoided. The assignee having failed to say how much was at stake despite repeated requests could not rely upon an assertion that he was under no obligation to disclose the figure to recover his costs despite winning the argument.
Citations:
Times 17-Aug-2000
Jurisdiction:
England and Wales
Insolvency, Costs
Updated: 19 July 2022; Ref: scu.81763