On the making of a bankruptcy application, the debtor will pay a deposit to the adjudicator as security for the payment of the official receiver's administration fee1. On the presentation of a bankruptcy petition, the petitioner will pay a deposit to the court as security for the payment of the official receiver's administration fee2. Where a deposit is paid to the court, the court will transmit the deposit paid to the official receiver attached to the court3. The deposit will be used to discharge the official receiver's administration fee to the extent that the assets comprised in the estate
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Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
This Precedent letter covers disclosure obligations under CPR 31. It does not apply to proceedings subject to the disclosure pilot scheme under CPR PD 51U. For guidance on the disclosure pilot scheme, see Practice Note: Business and Property Courts—the disclosure pilot scheme. For a client letter on
Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
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