High Court rules on how Financial Support Directions rank in insolvency | Practical Law

High Court rules on how Financial Support Directions rank in insolvency | Practical Law

In Bloom and others v Pensions Regulator (Nortel, Re) [2010] EWHC 3010 (Ch) (10 December 2010), the High Court considered whether liabilities under Financial Support Directions were provable debts in the insolvency of a company and how such liabilities ranked in the distribution of an insolvent company's assets. 

High Court rules on how Financial Support Directions rank in insolvency

Practical Law UK Legal Update Case Report 0-504-2603 (Approx. 8 pages)

High Court rules on how Financial Support Directions rank in insolvency

by PLC Restructuring and Insolvency
Published on 16 Dec 2010England, Wales
In Bloom and others v Pensions Regulator (Nortel, Re) [2010] EWHC 3010 (Ch) (10 December 2010), the High Court considered whether liabilities under Financial Support Directions were provable debts in the insolvency of a company and how such liabilities ranked in the distribution of an insolvent company's assets.