The Business Law Reports
[2017] Bus LR 1070
Court of Appeal
Green
v
Wright
[2017] EWCA Civ 111
2016 Nov 15;
2017 March 1
David Richards, Irwin LJJ
Bankruptcy— Voluntary arrangement— Certificate of completion— Supervisor issuing certificate of completion of individual voluntary arrangement— Debtor thereby released from all debts subject to arrangement— Supervisor subsequently receiving payments settling claims brought by debtor— Whether payments subject to trusts constituted by arrangement— Whether trusts ceasing on debtor’s release from debts—
Insolvency Rules 1986 (SI 1986/1925), r 5.34 (as substituted by Insolvency (Amendment) (No 2) Rules (SI 2002/2712), Sch 1(3), para 24)
—
Association of Business Recovery Professionals Standard Conditions for Individual Voluntary Arrangements (2004), paras 1, 9(2), 28