Restructuring & Insolvency analysis: Does a trustee in bankruptcy (TIB) acquire the benefit of the bankrupt’s legal professional privilege? Marcia Shekerdemian QC of Wilberforce Chambers considers the decision in Shlosberg v Avonwick Holidings Ltd.
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Debt relief orders (DROs)What is a DRO?DROs are 'a new and simplified way of wiping the slate clean for debtors who are too poor to go bankrupt'.A DRO is made in respect of qualifying debts.A qualifying debt means a debt which is:•for a liquidated sum payable either immediately or at some future
The effect of a bankruptcy order on an individual voluntary arrangement (IVA), its assets, and the creditorsThe gap in the insolvency legislationIt is a striking gap in the drafting of the insolvency legislation that the effects of the making of a bankruptcy order on an individual voluntary
Restructuring & Insolvency analysis: Insolvency law is set to be relaxed to encourage more banks to offer accounts to undischarged bankrupts. Stephen Hunt, partner at Griffins, looks at the reasons behind the move and whether a change to the law could have any unforeseen consequences.
What is a statutory demand?This Practice Note looks at what a statutory demand is and what it seeks to achieve in both corporate and personal insolvency. It assumes that the debtor is based in England and Wales.The statutory demand—the general positionA statutory demand (in both corporate and
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