Our website is set to allow the use of cookies. For more information and to change settings click here. If you are happy with cookies please click "Continue" or simply continue browsing. Continue.

Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

07 DEC 2011

McGuinness v Norwich & Peterborough Building Society [2011] EWCA Civ 1286, (Ward, Moses and Patten LJJ, 9 November 2011)

Briggs J had held that the terms of a guarantee in favour of the Society, making the guarantor’s liability concurrent with that of the principal debtor, provided for a liability ‘for a liquidated sum’ within the meaning of s 267(2)(b) of the Insolvency Act 1986 rather than a liability to pay unliquidated damages, and thus could found a bankruptcy order (see [2010] EWHC 2989 (Ch), [2011] BPIR 213).


To view the full text, please log in.


To receive a FREE 14 day online trial to Insolvency Law Online click here.

Individual Voluntary Arrangements

Individual Voluntary Arrangements

"This is the ultimate statement of where the law on IVAs is to be found in our great common law...

Available in Insolvency Law Online
Bankruptcy and Personal Insolvency Reports

Bankruptcy and Personal Insolvency Reports

"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...

More Info from £166.00
Available in Insolvency Law Online
Subscribe to our newsletters