In Fielding v The Burnden Group Limited (BGL) the English High Court dismissed an application for the liquidator to be held personally liable for the costs of a successful appeal against the rejection of a proof of debt.
United Kingdom, Insolvency & Restructuring, Litigation, Buddle Findlay, Liquidation, Default (finance), Liquidator (law), High Court of Justice (England & Wales)
In the UK case of CFL Finance Limited v Rubin and Ors, a creditor had sought to make an individual bankrupt. A creditors' meeting was held. At the meeting, a proposal for an Individual Voluntary Arrangement was approved by the creditor that held the largest portion of debt (and therefore 90.43% of the vote). The other two creditors voted against the proposal.
In this English case, a secured lender (Nationwide) appointed administrators to three companies. However, before appointing, Nationwide had: