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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

08 MAR 2012

The Mayor and Burgesses of the London Borough of Islington v (1) C (2) The Official Receiver [2012] BPIR Issue 2 (Central London County Court, District Judge Hart, 3 February 2012)

It what is thought to be the first case of its kind, the court revoked a Debt Relief Order. Whilst the court could not conclude that the debtor had made preferential payments to creditors, it considered that, having regard to the meaning of reasonable domestic needs in para 7 of Part 2 of Sch 4ZA to the Insolvency Act 1986, the debtor’s monthly surplus income exceeded the statutory limit of £50 per month.

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