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Set aside tenancy

Language: English Series: Times ; 30 May 1994, 30(1)Publication details: 1994Subject(s): Summary: In "Agricultural Mortgage Corporation plc v Woodward and another" CA 19 May 1994, it was held that a tenancy agreement created by an insolvent farmer for his wife ensuring that a creditor did not get vacant possession of his property, was a transaction within Insolvency Act 1986 s423, if the benefits gained from the agreement itself were significant. She would not need to pay for these benefits. Accordingly, the tenancy agreement could be set aside.
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Law report London Journal article WB3021-29 (Browse shelf(Opens below)) 1 Available 62075-1001

In "Agricultural Mortgage Corporation plc v Woodward and another" CA 19 May 1994, it was held that a tenancy agreement created by an insolvent farmer for his wife ensuring that a creditor did not get vacant possession of his property, was a transaction within Insolvency Act 1986 s423, if the benefits gained from the agreement itself were significant. She would not need to pay for these benefits. Accordingly, the tenancy agreement could be set aside.