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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

11 JAN 2012

Sofaer v Anglo Irish Finance plc [2011] EWHC 1480 (Ch), [2011] BPIR 1736 (Chancery Division, Lewison J, 26 May 2011)

A creditor demanded £8m from the debtor due under various guarantees, with the principal debt being secured over properties owned by the borrower. The debtor proposed an IVA in an attempt to avoid bankruptcy. The creditor voted against it, resulting in the IVA not being approved and the debtor’s bankruptcy.


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