Q&As

Is a void payment under the Insolvency Act 1986, s 127 available for set-off?

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Published on LexisPSL on 14/09/2016

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • Is a void payment under the Insolvency Act 1986, s 127 available for set-off?

STOP PRESS: From 6 April 2017, the Insolvency Rules 1986, SI 1986/1925 were revoked and replaced by the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024. The content in this Q&A may have been affected by this change.

Pursuant to Insolvency Act 1986 (IA 1986), s 127, a payment which is made by a company to a creditor after a winding-up petition is presented, but prior to the winding up order being made by the court, is void u

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