LexisLibrary and LexisPSL
Sign up for a free trial today and get full access for a weekTrial
Individuals had guaranteed a company’s obligations in respect of a loan. After the company had entered administration, the administrators refused the guarantors requests to apply to the Court on behalf of the company for relief on the basis that the loan facility was extortionate and, in respect of the default interest, was a penalty.
To view the full text, please log in.
To receive a FREE 14 day online trial to Insolvency Law Online click here.
"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...