- 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?
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.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial