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Re MC Bacon Ltd (No 1)

Index Re MC Bacon Ltd (No 1)

Re MC Bacon Ltd BCLC 324 is a leading UK insolvency law case, concerning transactions at an undervalue (Insolvency Act 1986, s 238) and voidable preferences (Insolvency Act 1986, s 239). [1]

15 relations: Bacon, Bankruptcy Act 1914, Board of directors, High Court of Justice, Insolvency Act 1986, John Leonard Knox, London, NatWest, Peter Millett, Baron Millett, Re Agriplant Services Ltd, Re MC Bacon Ltd (No 2), Undervalue transaction, Unfair preference, United Kingdom insolvency law, Wrongful trading.

Bacon

Bacon is a type of salt-cured pork.

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Bankruptcy Act 1914

The Bankruptcy Act 1914 (4 & 5 Geo V, c 59) is an Act of the Parliament of the United Kingdom which formed the primary source of UK insolvency law for approximately 70 years.

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Board of directors

A board of directors is a recognized group of people who jointly oversee the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency.

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High Court of Justice

The High Court of Justice is, together with the Court of Appeal and the Crown Court, one of the Senior Courts of England and Wales.

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Insolvency Act 1986

The Insolvency Act 1986 is an Act of the Parliament of the United Kingdom that provides the legal platform for all matters relating to personal and corporate insolvency in the UK.

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John Leonard Knox

Sir John Leonard Knox (6 April 1925 - 28 May 2015) was a British High Court judge, sitting in the Chancery division.

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London

London is the capital and most populous city of England and the United Kingdom.

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NatWest

National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom.

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Peter Millett, Baron Millett

Peter Julian Millett, Baron Millett, GBS, PC, (born 23 June 1932) is a non-permanent judge of the Hong Kong Court of Final Appeal and a former Lord of Appeal in Ordinary and barrister of the United Kingdom.

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Re Agriplant Services Ltd

Re Agriplant Services Ltd 2 BCLC 598 is a UK insolvency law case, concerning voidable preferences under s 239 of the Insolvency Act 1986.

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Re MC Bacon Ltd (No 2)

Re MC Bacon Ltd Ch 127 is a UK insolvency law case relating specifically to the recovery the legal costs of the liquidator in relation to an application to set aside a floating charge as a unfair preference.

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Undervalue transaction

An undervalue transaction is a transaction entered into by a company who subsequently goes into bankruptcy which the court orders be set aside, usually upon the application of a liquidator for the benefit of the debtor's creditors.

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Unfair preference

An unfair preference (or "voidable preference") is a legal term arising in bankruptcy law where a person or company transfers assets or pays a debt to a creditor shortly before going into bankruptcy, that payment or transfer can be set aside on the application of the liquidator or trustee in bankruptcy as an unfair preference or simply a preference.

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United Kingdom insolvency law

United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts.

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Wrongful trading

Wrongful trading is a type of civil wrong found in UK insolvency law, under Section 214 Insolvency Act 1986.

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Redirects here:

Re MC Bacon (No 1), Re MC Bacon Ltd.

References

[1] https://en.wikipedia.org/wiki/Re_MC_Bacon_Ltd_(No_1)

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