Witness statement in support of an application to unwind a preference or transaction at an undervalue

Published by a ��˾��ҹ�� Restructuring & Insolvency expert

Precedents

Witness statement in support of an application to unwind a preference or transaction at an undervalue

Published by a ��˾��ҹ�� Restructuring & Insolvency expert

Precedents

Applicant(s): [insert initials and surname]: [insert number of witness statement eg 1st] Exhibit: [insert exhibit description]: Date: [insert date of witness statement]

CASE NO: [insert case number]

[IN THE HIGH COURT OF JUSTICE

BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES

Insolvency AND COMPANIES LIST (ChD)

IN THE HIGH COURT OF JUSTICE

BUSINESS AND PROPERTY COURTS IN [insert location]

INSOLVENCY AND COMPANIES LIST (ChD)

IN THE HIGH COURT OF JUSTICE

CHANCERY DIVISION

[insert location] DISTRICT REGISTRY

IN THE COUNTY COURT AT [insert location]]

[IN THE MATTER OF [insert company’s name]

IN THE MATTER OF [insert bankrupt’s name]

IN BANKRUPTCY]

AND IN THE MATTER OF THE INSOLVENCY ACT 1986

BETWEEN

[Insert name(s) of the aPPLICANT(s)] Applicant(s)

AND

[Insert name(s) of the respondent(s)] Respondent(s)

[INSERT NUMBER] Witness statement of [Insert name OF OFFICE-HOLDER]

I, [insert name of the office-holder] of [insert the office-holder's business address] WILL SAY as follows:

General

1. 1
  I am a [insert position] in [insert the

Jurisdiction(s):

United Kingdom

Key definition:

Transaction at an undervalue definition

What does Transaction at an undervalue mean?

A transaction entered into by a debtor prior to his being adjudged bankrupt, or by a company prior to its entering into administration or going into liquidation, that is liable to be set aside by the court by reason of its having been at an undervalue.

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