Friday, 17 December 2010

Insolvency Schemes

A helpful decision in the recent case of Thomas v Trustees Executors was delivered today by Associate Judge Faire. This shows that a sensible scheme can still pass muster and gain approval. I argued the case for the Trustee and there was a young but very competent lawyer, Bridie Balderstone, from Buddle Findlay, to oppose. It makes sense not to take down people who can otherwise be good earners where bankruptcy would end their careers.

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