Legal News

Burden on local authority to explain what purpose will be served by bankruptcy (Lock v Aylesbury Vale District Council)

Published on: 04 September 2018
Published by: LexisPSL
  • Burden on local authority to explain what purpose will be served by bankruptcy (Lock v Aylesbury Vale District Council)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?

Article summary

Restructuring & Insolvency analysis: Tom Cockburn, barrister at 9 Stone Buildings, points out that although the decision in Lock v Aylesbury Vale District Council appears limited to local authority petitioning creditors, practitioners advising other types of creditors should be aware that the same reasoning could be applied if a creditor has particular knowledge of the debtor’s financial circumstances. or take a trial to read the full analysis.

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