All your resources at your fingertips.Learn More
HMRC alleged E owed over £ 4 million in tax. E proposed an IVA, whereby he proposed to reduce the tax debt to £100,000. HMRC informed the nominees of its intention to reject the proposal and pursue the full debt. E was made bankrupt and obtained, without notice, an injunction restraining HMRC from voting against the IVA.
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,...