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Bankruptcy – Trustee in bankruptcy. H was made bankrupt. His assets on the date of the bankruptcy included four pension policies. H did not wish to crystallise the policies and, without crystallisation, the precise value of the policies could not be determined. The applicant trustee in bankruptcy applied to the court, effectively seeking that H be ordered to crystallise his policies and to exercise his elections in a manner desired by the trustee. The Chancery Division held that there was no power to require H to elect in any particular way. The application would be dismissed.
Bankruptcy – Trustee in bankruptcy. H was made bankrupt. His assets on the date of the bankruptcy included four pension policies. H did not wish to crystallise the policies and, without crystallisation, the precise value of the policies could not be determined. The applicant trustee in bankruptcy applied to the court, effectively seeking that H be ordered to crystallise his policies and to exercise his elections in a manner desired by the trustee. The Chancery Division held that there was no power to require H to elect in any particular way. The application would be dismissed.
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