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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

26 MAY 2011

Williams v Simpson [2011] BPIR 953

S, a former Lloyd’s Name, was made bankrupt on a petition of the Society of Lloyd’s. By that time, S had retired to New Zealand. He told the Official Receiver he had no significant assets. W, the trustee in bankruptcy, received a tip-off that S had substantial stores of bullion at his New Zealand property, derived from his precious metal trading.


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