Is it unreasonable to refuse to accept a ‘reasonable offer’?

Posted by Paul Caldicott on
We regularly encounter respondents to bankruptcy petitions making offers at the eleventh hour and even as late as moments before the hearing – at the court door – wishing to avoid a Bankruptcy Order being made against them.

Whilst the court cannot compel a creditor to accept an offer to settle a petition debt, the court does have the power to dismiss a bankruptcy petition if a reasonable offer has been unreasonably rejected by the petitioning creditor.

Click here to read the full article in Insight magazine by Paul Caldicott, Partner in our Restructuring and Insolvency team.

About the Author

Paul is a specialist corporate restructuring and insolvency Solicitor in our Business Support & Insolvency team based in Cardiff.

Paul Caldicott
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029 2068 6181

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