Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Debt recovery tip 4 - What is a Statutory Demand and how does it affect a debtor?
    2019-02-11

    What is a Statutory Demand?

    A Statutory Demand is a formal 21-day demand for payment issued by a creditor to a debtor.

    When can a Statutory Demand be issued?

    You can issue a Statutory Demand if your debt is owed from a limited company or an LLP and is a liquidated sum of more than £750 or when a creditor is owed a debt from an individual, a sole trader or a partnership as long as the debt is for a liquidated sum of more than £5000 and is unsecured.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Boyes Turner LLP, Bankruptcy
    Authors:
    Donna Goddard
    Location:
    United Kingdom
    Firm:
    Boyes Turner LLP
    Bankrupt's COMI: Deutsche Apotheker-Und Arztebank EG v Dr Ralph Rainer Leitzbach & Others
    2018-11-21

    A discharged Bankrupt had intentionally misled the Court as to his COMI being in England and Wales in order to obtain a Bankruptcy Order. Four years after the making of the Bankruptcy Order, the Court annulled it on the grounds that the Court did not have jurisdiction to make the Order in the first place.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Bankruptcy, Debtor, Dividends, Debt, European Council
    Authors:
    Olivia Bridger , Alan Bennett
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Unpaid fees at commencement of barrister’s bankruptcy did not vest in trustee (Gwinnutt (as the First Defendant’s Trustee in Bankruptcy) v George and another)
    2018-10-29

    Restructuring & Insolvency analysis: Iain Pester, barrister at Wilberforce Chambers, advises that the judgment in the case is a timely reminder that not everything of economic value will necessarily vest in a trustee in bankruptcy pursuant to section 306 of the Insolvency Act 1986 (IA 1986).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wilberforce Chambers, Bankruptcy, Insolvency Act 1986 (UK)
    Location:
    United Kingdom
    Firm:
    Wilberforce Chambers
    Ambey Capital Private Ltd & Ors v Mascarenhas & Ors (2018)
    2018-10-12

    Ashfords successfully acted for the Joint Trustees in Bankruptcy of Vincent Mascarenhas (deceased) in their application to discharge Freezing Orders, an Interim Charging Order and an Interim Third Party Debt Order obtained by creditors of the late Bankrupt in 2014. The Joint Trustees were not a party to the original proceedings but had standing to make the applications.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Bankruptcy, Interim order, Insolvency Act 1986 (UK)
    Authors:
    Olivia Bridger
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Harriet Lock -v- Aylesbury Vale District Council [2018] EWHC 2015 (Ch)
    2018-09-28

    The Facts

    Following a statutory demand for unpaid council tax in the sum of £8,067, a bankruptcy petition was presented against Ms Harriet Lock. The council provided Ms Lock with evidence of the council tax liability orders confirming the debt. Ms Lock provided evidence in response, which explained that she was living in social housing and was financially dependent on her daughter. At a first hearing, the court adjourned and ordered that Ms Lock provide a skeleton argument to explain why a bankruptcy order should not be made.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Bankruptcy, Insolvency Act 1986 (UK), High Court of Justice (England & Wales)
    Authors:
    Cathryn Butler
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Guglielmo Verdirame acting on Boris Becker case
    2018-08-09

    Guglielmo Verdirame of 20 Essex Street is advising on diplomatic immunity issues in the bankruptcy case of three-time Wimbledon champion Boris Becker. Together with Tony Beswetherick of 20 Essex Street, Guglielmo is instructed by Julian Cahn of Stephenson Harwood to act for the trustees: Mark Ford, Finbarr O'Connell and Gilbert Lemon. Mr Becker is claiming diplomatic immunity from bankruptcy proceedings on the basis that he is a diplomat for the Central African Republic.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Twenty Essex, Bankruptcy
    Authors:
    Tony Beswetherick KC
    Location:
    United Kingdom
    Firm:
    Twenty Essex
    Iain Barker v Paul Baxendale-Walker: Guarding against the risk of dissipation of assets by a debtor pre- and post- the making of a bankruptcy order
    2018-08-10

    The insolvency aspect of the long-running Baxendale-Walker litigation adds much needed to clarity to two practical issues arising in bankruptcy.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wilberforce Chambers, Bankruptcy, Insolvency Act 1986 (UK)
    Authors:
    James Bailey
    Location:
    United Kingdom
    Firm:
    Wilberforce Chambers
    Insolvency Practice Direction 2016 now in force
    2018-04-26

    The new Insolvency Practice Direction 2016 has finally been given approval by the Lord Chancellor and came into force yesterday (25 April) bringing with it changes to reflect the new Insolvency Rules 2016 and recent changes to the CPR. The new practice direction replaces that of 2014 with immediate effect. Key changes include:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Public, Squire Patton Boggs, Bankruptcy
    Authors:
    Cathryn Williams
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs
    Glasgow (the bankruptcy trustee of Harlequin Property SVG Limited) v (1) ELS Law Ltd and others [2017] EWHC 3004 (Ch)
    2018-04-18

    The Facts

    This case involves an application brought by the trustee in the bankruptcy of Harlequin Property SVG Ltd (the "Company"), property developers incorporated under the laws of St. Vincent and the Grenadines ("SVG"). The Company's main asset was a property in SVG, the construction of which was funded by more than 1,900 deposits from individual investors. However, only 116 units were completed.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP, Bankruptcy, High Court of Justice (England & Wales)
    Authors:
    Connor Pierce
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Enforcement of a Decree in Scotland
    2018-04-26

    Obtaining Decree

    After obtaining a Decree (or judgment in England) there are a number of steps that can be taken, if the debtor does not make payment, to recover the outstanding debt. In Scotland this process is known as “diligence”.

    Charge for payment (“Charge”)

    Filed under:
    United Kingdom, Scotland, Company & Commercial, Insolvency & Restructuring, Litigation, Womble Bond Dickinson (UK) LLP, Bankruptcy, Debtor, Liquidation, Insolvency Act 1986 (UK)
    Authors:
    Philip Knight
    Location:
    United Kingdom
    Firm:
    Womble Bond Dickinson (UK) LLP

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 241
    • Page 242
    • Page 243
    • Page 244
    • Current page 245
    • Page 246
    • Page 247
    • Page 248
    • Page 249
    • …
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days