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Insolvency – Statutory demand. The applicant had been served with a statutory demand in respect of a judgment debt owed by him. The applicant applied to the court to set the demand aside on grounds that it was arguable that the debt had already been discharged and because the respondents had served the demand, and issued bankruptcy proceedings against him, for a collateral purpose. The Chancery Division dismissed the application. There was no substantial dispute about whether the judgment debt was due because it was not arguable that the debt had been paid already. Further, on the evidence, there was no abuse of process or other reason that justified setting the demand aside.
Insolvency – Statutory demand. The applicant had been served with a statutory demand in respect of a judgment debt owed by him. The applicant applied to the court to set the demand aside on grounds that it was arguable that the debt had already been discharged and because the respondents had served the demand, and issued bankruptcy proceedings against him, for a collateral purpose. The Chancery Division dismissed the application. There was no substantial dispute about whether the judgment debt was due because it was not arguable that the debt had been paid already. Further, on the evidence, there was no abuse of process or other reason that justified setting the demand aside.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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