Zone of Insolvency

Zone of Insolvency

Category Archives: Financial institutions, funds and creditor representation

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What debts are provable on a debtor’s insolvency? Part Two

Posted in Financial institutions, funds and creditor representation, UK
In the second of this two-part post, we continue our overview of claiming in a debtor’s insolvency. In particular we look at contingent debts, interest on debts, and debts in foreign currencies. For obvious reasons, the element of uncertainty in the value or even the existence of a contingent debt conflicts with the insolvency practitioner’s… Continue Reading

What debts are provable on a debtor’s insolvency? Part One

Posted in Financial institutions, funds and creditor representation, UK
Under English insolvency law, creditors “prove” for their debts against an insolvent debtor’s assets. They do this by submitting a ‘proof of debt’ form. Generally, submitting a proof of debt is necessary to allow the creditor to both receive a distribution from the assets (i.e. to get its money back) and to allow it to… Continue Reading