Posts By: louisa

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…

June 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: Noel Anthony Campbell Type of Insolvency: Bankruptcy Class of Creditor: Non-Preferential Amount of Dividend: 0.27p in the £ Date Paid: 4 June, 2019  

May 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: FTXT Limited Type of Insolvency: Liquidation Class of Creditor: Non-Preferential Amount of Dividend: 20.11p in the £ Date Paid: 8 May, 2019 ANNOUNCEMENT OF DIVIDEND PAID Case Name: Andrew Paul Southam Type of Insolvency: Bankruptcy Class of Creditor: Non-Preferential Amount of Dividend: 6.52p in the £ Date Paid: 8 May, 2019 ANNOUNCEMENT OF DIVIDEND PAID…

Griffins Insolvency, Litigation & Forensics Conference – June 2019

Thank you to all those who attended the Griffins Insolvency, Litigation & Forensics Conference 2019. We hope that you found the sessions informative and interesting. A special thank you to our speakers from the UK and abroad for sharing their experiences with us. If you would like further information on any of the topics covered…

April 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: Pennine Industries Limited Type of Insolvency: Liquidation  Class of Creditor: Non-Preferential Amount of Dividend: 37.74p in the £ Date Paid: 8 April, 2019 ANNOUNCEMENT OF DIVIDEND PAID Case Name: Ian Robertson Miller Type of Insolvency: Bankruptcy Class of Creditor: Non-Preferential Amount of Dividend: 0.61p in the £ Date Paid: 10 April, 2019 ANNOUNCEMENT…

March 2019

ANNOUNCEMENT OF DIVIDEND PAIDCase Name: Stoneman Stainless Haulage LimitedType of Insolvency: LiquidationClass of Creditor: Non-PreferentialAmount of Dividend: 4.24p in the £Date Paid: 11 March, 2019

Losing Control……

Share valuation is an important factor when calculating taxation liabilities. Trevor Slack argues against control premiums when valuing shares and businesses. As published on 16 January 2019 in Taxation https://www.taxation.co.uk/Articles/2019-01-15-339098-control-premiums-when-valuing-business-and-shareholdings  The use and misuse of control premiums in fiscal valuations was covered deftly in Andrew Strickland’s article, ‘Time to change the music’ (see Taxation, 30…

January 2019

ANNOUNCEMENT OF DIVIDEND PAID Case Name: Boulestin Limited Type of Insolvency: Liquidation Class of Creditor: Non-Preferential Amount of Dividend: 12.87p in the £ Date Paid: 16 January, 2019 ANNOUNCEMENT OF DIVIDEND PAID Case Name: Foundation Solutions Limited Type of Insolvency: Liquidation Class of Creditor: Non-Preferential Amount of Dividend: 0.83p in the £ Date Paid: 25 January, 2019

December 2018

ANNOUNCEMENT OF DIVIDEND PAID Case Name: Staffwise Nationwide Limited Type of Insolvency: Liquidation Class of Creditor: Non-Preferential Amount of Dividend: 1.59p in the £ Date Paid: 7 December, 2018