Sentences with phrase «subject of a bankruptcy petition»

A claim for solicitors» fees not yet judicially assessed or determined is not a claim for a liquidated sum which can be the subject of a bankruptcy petition under s 267 of the Insolvency Act 1986.

As a matter of principle, a claim for solicitors» fees not as yet judicially assessed or determined was not a claim for a liquidated sum which could be the subject of a bankruptcy petition, even if the period for challenge under the Solicitors Act 1974 had expired.

Not exact matches

This might be a kind of scary post, since I'll be telling you about a scary subject: BPP's, also known as Bankruptcy Petition Preparers.

Section 284 of IA 1986 provides that where a person is adjudged bankrupt, any disposition made during the period beginning with the date of the presentation of the petition (in this case 9 March 2009) and ending with the vesting of the bankrupt's estate in a trustee in bankruptcy will be void unless subject to the court's earlier approval or subsequent ratification.

Petitioning creditors in involuntary bankruptcy filings need to be aware that they can be subject to having to pay a debtor's attorney's fees for obtaining a dismissal of the case and also may have to pay bad faith damages (both compensatory and punitive) as well as debtor's fees for prosecuting the bad faith damages case against petitioningPetitioning creditors in involuntary bankruptcy filings need to be aware that they can be subject to having to pay a debtor's attorney's fees for obtaining a dismissal of the case and also may have to pay bad faith damages (both compensatory and punitive) as well as debtor's fees for prosecuting the bad faith damages case against petitioningpetitioning creditors.