Commentary

91 Circumstances in which creditor’s petition may be presented

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

91 Circumstances in which creditor’s petition may be presented

| Commentary

2: CREDITOR’S PETITION

(a) General

91 Circumstances in which creditor’s petition may be presented

Where a person seeks, as a creditor, to present a petition against an individual, he must demonstrate that he is owed at least one debt by that individual.

The Insolvency Act 1986 provides that there must be one or more debts owed by the debtor, and that the petitioning creditor, or each of the petitioning creditors, must be a person to whom the debt or (as the case may be) at least one of the debts is owed1. Thus, petitions may be presented by two or more creditors jointly,

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