Creditors one and all - History of Bankruptcy Shorts (HOBS)
I thought it might be interesting to the blog readers if I posted up some points of authority from bygone periods that might be of general interest. These will be called History of Bankruptcy Shorts (HOBS). Here is the first:
He that is a bankrupt to one creditor is accounted in law a bankrupt to all the creditors; and, being once adjudged so, is always so to the rest of the creditors - 22 Car.I. B.R.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...