D - Debts
6/12/13
KAYE v SOUTH OXFORDHSIRE DISTRICT COUNCIL [2013] EWHC 4165 (Ch)
Business rates were provable in a CVA as a contingent debt.
24/7/13 IN THE MATTER OF THE NORTEL COMPANIES [2013] UKSC 52 A contribution notice or financial support direction issued by the Pensions Regulator after a company went into administration ranked as a provable debt, not an administration expense. The applicable statute gave rise to a contingent obligation which was based on a state of affairs which existed before the insolvency event. Similarly a liability for costs arising from a judgment after commencement of insolvency in proceedings brought before the insolvency started, is provable as a contingent debt and cases to the contrary were wrongly decided.
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