Sofaer v Anglo Irish Finance plc (ChD, Lewison J, 26 May 11) BPIR (Forthcoming)
A creditor demanded £8 million 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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