Online bankruptcy applications by debtors From 6th April 2016 changes to the Insolvency Act 1986 brought in by section 71 and Schedule 18 of the Enterprise and Regulatory Reform Act 2013 mean that … [Read more...]
Bankruptcy From Abroad
A common question we are asked to answer is how persons who are resident outside of England and Wales can present a personal bankruptcy petition here. The question we are really being asked to … [Read more...]
Annulment of Bankruptcy and Centre of Main Interest (COMI)
In a recent article entitled Bankruptcy tourism written by District Judge Melissa Clarke and published by the Law Society Gazette on the 12th October 2012 the issue of who the Court can allow to … [Read more...]
Bankruptcy Searches
As bankruptcy is a state of personal affairs, an individual should only have a single set of bankruptcy proceedings against them at any one time.If a petition has been issued, a different creditor is … [Read more...]
Setting Aside a Statutory Demand
The service of a statutory demand is the first stage of the court bankruptcy process. A debtor can apply to the court to set aside a statutory demand (cancel the statutory demand). The grounds by … [Read more...]
Statutory Demands and the discretion a court can exercise upon making an order for bankruptcy
The court has a limited discretion not to make a bankruptcy order where the debt is the subject of an unsatisfied statutory demand as at the time of the bankruptcy petition hearing. The case of … [Read more...]
Bankrupted but able to pay?
When you are bankrupted but have assets available to enable you to pay off, or in some cases offer security, you may be able to reverse the bankruptcy so that it is as if you were never bankrupted. … [Read more...]