Trustee in bankruptcy of Gordon Robin Claridge v (1) Claridge (2) Claridge  EWHC 2047 (Ch),  BPIR 1529, (Sales J, 29 July 2011)
W was the sole owner of the matrimonial home. However, when it was remortgaged to fund repairs and renovation, H and W entered into the mortgage as joint mortgagors, on the basis of H’s income, even though H had no interest in the property. The balance of the mortgage monies was paid to W. H was later made bankrupt and his trustee in bankruptcy claimed that the payment of half of the mortgage monies to W was a transaction at an undervalue.
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,...