Campaign For Excellence

At today’s Campaign for Excellent meeting, Matthew presented a case study to the team on the treatment of music royalties in a bankruptcy estate.

The case in question involved a drummer from a prominent 1990s band, who had numerous writing credits which generated significant royalties being received.

The Team discussed similar cases and their experience in dealing with royalties.  In particular their classification in a bankruptcy estate as being “property” which belonged to or vested in the bankrupt at the comment of the bankruptcy, as per section 283 of the Insolvency Act 1986, as opposed to royalties being treated as income.