The insolvency rule in ex parte James – another in a series of cases ‘dancing on pinheads’
A trustee in bankruptcy in England rejected a £5.7m proof of debt lodged by the revenue authority [HMRC][1] on what was found to be a technical though correct point of law. This raised what the Deputy Insolvency and Companies Judge said was “an interesting issue concerning the interaction between revenue and insolvency law in relation […]