Posts By: louisa

November 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: SPMK Limited Type of Insolvency: Liquidation  Class of Creditor:  Non Preferential Amount of Dividend: 14.24p in the £ Date Paid: 29 November, 2019

Time is Just the Start

Following on from my previous article about the attempts for the joint administrators of Nortel Networks France to get their remuneration approved by the court when there were no longer any creditors to approve it, the independent assessor has report to the Court and Snowden J has given his view on the matter (Re Nortel…

The Costs of Having Fees Assessed by Court

Those who have attended either of the Griffins seminars this year will have heard me talk about our experience as experts in the assessment of insolvency practitioner’s fees for acting as office-holders and how the costs of the final court determination frequently mean that finding a settlement is the best approach for all involved. An example…

October 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: Vertu Corporation Limited Type of Insolvency: Liquidation  Class of Creditor: Preferential Amount of Dividend: 100p in the £ Date Paid: 1 October, 2019

Griffins appointed Administrators of Supercapital Limited

On 12 September 2019, Supercapital ceased to provide any regulated business and Supercapital has updated its website to this effect. On 27 September 2019, the director of Supercapital Limited placed the company into administration.   Kevin Goldfarb and Stephen Hunt, both licensed insolvency practitioners and partners in Griffins, have been appointed as joint Administrators.  As Administrators…

September 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: Greenwich Inc. Limited Type of Insolvency: Liquidation  Class of Creditor: Non-Preferential Amount of Dividend: 1.33p in the £ Date Paid: 3 September, 2019 ANNOUNCEMENT OF DIVIDEND PAID Case Name: Force One Security Services Limited Type of Insolvency: Liquidation  Class of Creditor: Non-Preferential Amount of Dividend: 1.19p in the £ Date Paid: 11 September, 2019

August 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: MP Horseboxes Limited Type of Insolvency: Liquidation  Class of Creditor: Non-Preferential Amount of Dividend: 0.19p in the £ Date Paid: 9 August, 2019

Income Payments Orders are Provable in a Second Bankruptcy

The statutory lacuna over the effects of a second bankruptcy order on an existing Income Payments Order (“IPO”) has been filled by the Court of Appeal in Azuonye v Kent [2019] EWCA CIV 1289. The end result, that the IPO payments become debts provable in the second bankruptcy, seems to follow logic but it is of interest how…

Trustee in Bankruptcy Fails to Stop Court Reviewing his Legal Costs

In Ardawa v Uppal & Anor [2019] EWHC 1663 (Ch) the trustee in bankruptcy of Mr Ardawa took what will almost always be the correct approach when a debtor applies to annul a bankruptcy order by submitting a brief skeleton stating he was neutral but wanted provision for his costs if the bankruptcy order is annulled. As attendance…