Related news - Miles Croally

Miles Croally acted for a wife who successfully defended her husband’s trustees in bankruptcy’s claim about his share in the matrimonial home. The couple had previously agreed to reallocate equitable shares in the co-owned matrimonial home from 50%-50% to 98%-2% in favour of the wife. The trustees in bankruptcy applied under section 339 of the Insolvency Act 1986 claiming the transaction had been at an undervalue.

In the case of Jackson v Song, Miles Croally acted for an ex-wife who successfully defended her former husband’s trustee in bankruptcy’s claim to set aside an out-of-court divorce settlement under section 339 of the Insolvency Act 1986 as a transaction at an undervalue.