Tribunal awards: defaulters’ names to be put on public debt register – Ministry of Justice

Posted April 2nd, 2009 in debts, employment tribunals, news by sally

“People who fail to pay awards made by employment tribunals will be publicly named and shamed from today, as the government clamps down hard on employers who disregard tribunal rulings.”

Full story

Ministry of Justice, 1st April 2009

Source: www.justice.gov.uk

Truex v Toll – WLR Daily

Posted March 11th, 2009 in bankruptcy, debts, fees, law reports, solicitors by sally

Truex v Toll [2009] EWHC 396 (Ch); [2009] WLR (D) 85

“In respect of fees owed to a solicitor by a client, an unliquidated sum did not become liquidated by a mere admission unsupported by consideration.”

WLR Daily, 9th March 2009

Source: www.lawreports.co.uk

Please note that once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Companies must pay up undisputed amounts to avoid punitive interest, says Court of Appeal – OUT-LAW.com

Posted March 3rd, 2009 in debts, interest, news by sally

“Companies that withhold all payment for goods or services in order to strengthen their hand in negotiations over disputed amounts will have to pay punitive interest on that money, the Court of Appeal has said.”

Full story

OUT-LAW.com, 2nd March 2009

Source: www.out-law.com

In re Courts plc – WLR Daily

Posted October 13th, 2008 in debts, insolvency, law reports by sally

In re Courts plc [2008] EWHC 2339 (Ch); [2008] WLR (D) 311

“S 176A(2) of the Insolvency Act 1986, which provided that a prescribed part of a company’s net property should be available for the satisfaction of unsecured debts, applied either in its entirety or not at all. There was no jurisdiction under s 176A(5) to order a partial disapplication of s 176A(2) regarding unsecured creditors with claims of a certain value.”

WLR Daily, 10th October 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Pre-judgment interest on debts and damages – Ministry of Justice

Posted September 17th, 2008 in damages, debts, interest, news by sally

“The government’s response to the Law Commission report on the amount of interest courts should award on debts and damages in court proceedings. ‘Pre-judgment interest’ refers to the interest awarded from the day when payment fell due until judgment is entered or payment made (whichever is earlier).”

Full story

Ministry of Justice, 16th September 2008

Source: www.justice.gov.uk

‘Fat Man’ sues top casinos for millions – The Observer

Posted September 15th, 2008 in debts, gambling, news by sally

“Fouad al-Zayat, a 20-stone billionaire who lost £191m at roulette, is taking six top British clubs to court, claiming they illegally allowed him credit.”

Full story

The Observer, 14th September2008

Source: http://observer.guardian.co.uk

Aspinall’s Club Ltd v Al-Zayat (No 2) [2008] – WLR Daily

Posted September 9th, 2008 in debts, gambling, law reports by sally

Aspinall’s Club Ltd v Al-Zayat (No 2) [2008] EWHC 2101 (Comm); [2008] WLR (D) 301

A fixed-term deferral or postponement of a sum owed to a gaming club by a patron amounted to the providing or allowing of credit contrary to s 16(1)(b) of the Gaming Act 1968.”

WLR Daily, 8th September 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

‘Fat Man’ wins legal battle over £2m gambling debt – The Times

Posted September 3rd, 2008 in debts, gambling, news by sally

“A billionaire gambler today won a legal bid to avoid paying a £2 million debt to a London casino.”

Full story

The Times, 3rd September 2008

Source: www.timesonline.co.uk

Islamic Investment Company of the Gulf (Bahama) Ltd v Symphony Gems NV and Others – Times Law Reports

Posted April 4th, 2008 in debts, jurisdiction, law reports by sally

Islamic Investment Company of the Gulf (Bahama) Ltd v Symphony Gems NV and Others

Court of Appeal

“Judges should be cautious before making a committal order against a judgment debtor who was prevented from attending an oral examination as to his means by the order of a court in a foreign jurisdiction.”

The Times, 4th April 2008

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

Socimer International Bank Ltd (in liquidation) v Standard Bank London Ltd – WLR Daily

Posted February 26th, 2008 in banking, contracts, debts, law reports, valuation by sally

Socimer International Bank Ltd (in liquidation) v Standard Bank London Ltd [2008] EWCA Civ 116; WLR (D) 58

“Where a commercial agreement obliged a creditor bank to determine the value of the assets of the defaulting debtor bank at the date of termination, the creditor bank’s obligation was to carry out an honest, but otherwise subjective valuation.”

WLR Daily, 25th February 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported the corresponding WLR Daily summary is removed.

Halabi (A Bankrupt) v Camden London Borough Council and another – WLR Daily

Posted February 18th, 2008 in bankruptcy, debts, jurisdiction, law reports by sally

Halabi (A Bankrupt) v Camden London Borough Council and another; [2008] WLR (D) 46

“The court had no jurisdiction to annul a bankruptcy order on the basis of an undertaking from the bankrupt’s solicitor to pay the debts, costs and expenses of the bankruptcy.”

WLR Daily, 15th February 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Administration and Enforcement Restriction Orders – Ministry of Justice

Posted January 16th, 2008 in consultations, debts, insolvency by sally

“This paper sets out for consultation the areas where secondary legislation will be used to establish the parameters required for the effective operation of both the revised Administration Order scheme and the Enforcement Restriction Order scheme.

Administration and Enforcement Restriction Orders consultation paper (PDF)

Annex A: new parts 6 and 6A of the County Courts Act 1984 (PDF)

Annex B: equality impact assessment (PDF)

Questionnaire (Word)

Ministry of Justice, 16th January 2008

Source: www.justice.gov.uk

Collier v P & M J Wright (Holdings) Ltd – WLR Daily

Posted December 17th, 2007 in bankruptcy, debts, law reports by sally

 Collier v P & M J Wright (Holdings) Ltd

Where a debtor offered to pay part only of the amount he owed and the evidence showed the creditor voluntarily accepted that offer, and relying on that acceptance the debtor paid that part of the amount he owed in full, the creditor would be bound to accept that sum in full and final satisfaction of the whole debt by virtue of the doctrine of promissory estoppel.”

WLR Daily, 17th December 2007

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed. 

Hill and Another v Haines – Times Law Reports

Posted December 12th, 2007 in bankruptcy, debts, divorce, law reports by sally

Hill and Another v Haines

“An order made in matrimonial ancillary relief proceedings to convey property was not a transaction made without consideration, whether following a contested hearing or a compromise agreement.”

The Times, 12th December 2007

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

Hill and another v Haines – WLR Daily

Posted December 7th, 2007 in bankruptcy, debts, divorce, law reports by sally

Hill and another v Haines [2007] EWCA Civ 1284

“A property adjustment order made in ancillary relief proceedings, whether following a contested hearing or a compromise agreement, was made for consideration and was not therefore a transaction at an undervalue under section 339 of the Insolvency Act 1986. Parliament could not have intended that an order transferring the former matrimonial home from one spouse to the other should be capable of automatic nullification at the suit of the trustee in bankruptcy of a spouse against whom a bankruptcy order had subsequently made on his or her own petition.”

WLR Daily, 6th December 2007

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Divorcee entitled to clean break from bankrupt husband, court rules – The Times

Posted December 5th, 2007 in bankruptcy, debts, divorce, news by sally

“Court of Appeal rules that Wendy Haines does not have to give up her share of the matrimonial home proceeds to pay off ex-husband’s creditors.”

Full story

The Times, 5th December 2007

Source: www.timesonline.co.uk

Divorcee who made a clean break could lose settlement after ex-husband goes bankrupt – The Times

Posted November 14th, 2007 in bankruptcy, debts, divorce, news by sally

“A woman who faces being stripped of her divorce settlement to pay for her former husband’s debts was at the centre of a test case yesterday with far-reaching implications for ‘clean break’ divorces.”

Full story

The Times, 14th November 2007

Source: www.timesonline.co.uk

Day v Haine and another – WLR Daily

Posted October 22nd, 2007 in debts, insolvency, law reports, trade unions by sally

Day v Haine and another

Protective awards made pursuant to s 189 of the Trade Union and Labour Relations (Consolidation) Act 1992 were not debts provable in the liquidation of a company in circumstances where they were made after the date of liquidation.”

WLR Daily, 22nd October 2007

Source: www.lawreports.co.uk

Please note: once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

The debt claim process: helping people in debt to engage with the problem – Ministry of Justice

Posted September 6th, 2007 in consultations, debts by sally

“This consultation paper seeks views on options for encouraging debtor engagement and consequential possible streamlining of procedures for dealing with non-defended debt claims. It will help to inform any proposed changes on handling debt problems in England and Wales.”

Full story

Ministry of Justice, 5th September 2007

Source: www.justice.gov.uk 

Tribunals, Courts and Enforcement Act 2007

Posted July 26th, 2007 in courts, debts, legislation, tribunals by sally

Tribunals, Courts and Enforcement Act 2007 published

Full text of Act

Source: www.opsi.gov.uk