The proceeds of a permanent disability benefit insurance policy were not calculated according to the pain and suffering of the bankrupt, and were therefore distributable amongst his creditors. There was no part of it held on constructive trust for the bankrupt by the insurance company. The sums were distributable even though a decision as to the claim was made only after the discharge.
Citations:
Gazette 06-Jul-2000, Times 27-Jun-2000
Jurisdiction:
England and Wales
Insurance, Insolvency
Updated: 19 July 2022; Ref: scu.81946
