Bridging Finance Inc v Anthony Lyons

Bridging Finance Inc v Anthony Lyons

Mr Lyons carried on business in England and Wales during the relevant period by letting and selling the Hamilton Terrace property in his personal capacity, establishing jurisdiction for the bankruptcy petition. The grounds of opposition to the debt are dismissed as lacking bona fide substance, being inherently and commercially implausible, unsupported by evidence, and not previously raised. Procedural defects regarding delay are waived as no prejudice was shown.

Parties
Petitioner: Bridging Finance Inc (acting by its receiver/manager PricewaterhouseCoopers Inc); Respondent: Anthony Lyons
Jurisdiction
England and Wales
Judgment Date
07 August 2025
Procedural Posture
Bankruptcy Petition / Final Judgment
Outcome
bankruptcy order granted against Anthony Lyons
Legal Topics
Carrying on Business, Personal Guarantee, Statutory Demand, Jurisdiction, Misrepresentation, Collateral Contract, Estoppel, Waiver, Disclosure Obligations, Delay in Petition
Insolvency Bankruptcy Cross Border Jurisdiction Carrying on Business Personal Guarantee Statutory Demand Jurisdiction Misrepresentation +5 more

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Parties

Bridging Finance Inc (acting by its receiver/manager PricewaterhouseCoopers Inc)

Petitioner

Anthony Lyons

Respondent

Procedural Posture

Bankruptcy Petition / Final Judgment

Legal Issues

  1. 1 Whether the court has jurisdiction to make a bankruptcy order against a non-resident debtor based on carrying on business in England and Wales
  2. 2 Whether the petition debt is disputed on substantial grounds (misrepresentation, collateral contract, estoppel, waiver, disclosure obligations)
  3. 3 Compliance with procedural rules regarding delay in presenting the petition

Ratio Decidendi

Mr Lyons carried on business in England and Wales during the relevant period by letting and selling the Hamilton Terrace property in his personal capacity, establishing jurisdiction for the bankruptcy petition. The grounds of opposition to the debt are dismissed as lacking bona fide substance, being inherently and commercially implausible, unsupported by evidence, and not previously raised. Procedural defects regarding delay are waived as no prejudice was shown.

Court Disposition

bankruptcy order granted against Anthony Lyons

Orders

  • Bankruptcy order to be made against Anthony Lyons upon handing down of judgment