The WLR Daily case summaries
[2013] WLR (D) 70
COMPANY— Winding up— Distribution of assets— Members’ voluntary liquidation— — Liquidators serving notices on creditors proposing final distribution of company’s assets to creditors— — Company having contingent liabilities to creditor— — Creditor requesting liquidators to defer distribution until contingent claims crystallising or reserve assets to cover liabilities— — Whether liquidators to proceed with distribution without reserving assets to provide for contingent liabilities— — Whether liquidators obliged to wait until contingent liabilities crystallising— — Insolvency Act 1986, s 107— — Insolvency Rules 1986 (1986/1925), r 4.86(1)