Thomas and another v D'Eye and others

Bankruptcy – Property available for distribution. The Bankruptcy High Court allowed an application for relief by trustees in the bankruptcy of DD, who had made his living from residential and commercial property and was indebted to around the sum of £2.8m. The court held that money in certain accounts belonged to DD, that a flat which had been purchased out of money from one of the accounts was a bankruptcy asset, and that the transfer of shares in a company controlled by DD had been a sham.

Category: