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Dealing with Insolvent Estates
Podcast - recorded June 11th (published 11th July)
Edward Rowntree and Phillip Patterson of Hardwicke Chambers consider the following topics:
- How to spot an Insolvent Estate
- Estates of uncertain solvency
- Risks for personal representatives
- Insolvency Administration Orders – practical steps
- Ratification under section 284
- Disclaiming onerous property
- What are the "reasonable" expenses incurred by PRs, Trustees and Trustees in bankruptcy? - What is the test for "reasonableness"?
- What happens when creditors come to light after the PR/Trustee has been appointed?
- What are the costs and processes for applying for an IAO?
About our presenters
Edward Rountree (Hardwicke Chambers)
Edward has acted in a number of significant cases in this area ranging from contested wills and disputes relating to the administration of estates to Inheritance Act claims. He regularly advises in relation to all contentious aspects in this area and has seen his work in this area expand significantly in recent years.
This is an area where Edward has very significant experience acting as a mediation advocate – the vast majority of his cases settling on favourable terms without the need for contested trials. This is also an area where Edward’s special ability with clients is of critical importance.
Philip Patterson (Hardwicke Chambers)
He has particular expertise in technical company law issues, which makes him an obvious choice for claims involving allegations of mismanagement and breach of duty as well as shareholder disputes. Phillip handles a wide variety of banking and financial services disputes where his postgraduate qualification in banking law gives him a decided edge.
A significant proportion of Phillip’s current and recent work concerns corporate and personal insolvency, a field in which Phillip is fast becoming a go-to junior for a range of matters. Phillip also has experience of consumer contract issues, professional negligence claims and a variety of private client disputes, particularly claims under the Inheritance (Provision for Families and Dependants) Act 1975.