An offer to make payment of a debt which was in effect a conditional tender was not sufficient to halt the creditor’s petition on the debt. The statutory condition that the debt ‘has neither been paid nor secured or compounded’ did not include a payment which was to be avoided if the bankruptcy order was made.
Citations:
Times 24-Apr-2000
Jurisdiction:
England and Wales
Insolvency
Updated: 05 May 2022; Ref: scu.89311