Insolvent firms are still able to bite debtors back
Series: Construction News ; (6170) 5 April 2001, 35(1)Publication details: 2001Subject(s): Summary: Highlights the widely held, but incorrect, perception within the construction industry that when a creditor announces insolvency, payments of debts to it cease. Notes that it is even presumed among industry players that this is the state of play where the debtor is responsible for the insolvency of the creditor! Through discussion of two cases - "Harmon v House of Commons" and "Chiemgauer v The New Millennium Experience Company" - highlights these misconceptions and puts the record straight.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63634 (Browse shelf(Opens below)) | 1 | Available | 111915-1001 |
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Highlights the widely held, but incorrect, perception within the construction industry that when a creditor announces insolvency, payments of debts to it cease. Notes that it is even presumed among industry players that this is the state of play where the debtor is responsible for the insolvency of the creditor! Through discussion of two cases - "Harmon v House of Commons" and "Chiemgauer v The New Millennium Experience Company" - highlights these misconceptions and puts the record straight.