Strategic Advantages PC (for and on behalf of HSG Rooftops SP) v Gary Ronald Forrest

The petition is dismissed as both parties agree and supporting creditors do not wish to participate; alternative wording is adopted to address potential registration issues with the Land Registry.

Parties: Petitioner: Strategic Advantage SPC (for and on behalf of HSG Rooftops SP); Respondent: Gary Ronald Forrest; Supporting Creditor: Insolvency & Law Ltd; Supporting Creditor: Alternative Investment Consulting Ltd
Jurisdiction: England and Wales
Judgment Date: 11 October 2024
Procedural Posture: Bankruptcy Petition / Dismissal Hearing
Outcome: petition dismissed
Legal Topics: Petition Withdrawal, Registration of Bankruptcy Petition, Dismissal of Bankruptcy Proceedings

Insolvency Bankruptcy Petition Withdrawal Registration of Bankruptcy Petition Dismissal of Bankruptcy Proceedings

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Parties

Strategic Advantage SPC (for and on behalf of HSG Rooftops SP)

Petitioner

Gary Ronald Forrest

Respondent

Insolvency & Law Ltd

Supporting Creditor

Alternative Investment Consulting Ltd

Supporting Creditor

Procedural Posture

Bankruptcy Petition / Dismissal Hearing

Legal Issues

1 Whether the bankruptcy petition should be dismissed or withdrawn
2 Whether registration of the petition with the Land Registry has occurred and how to address it

Ratio Decidendi

The petition is dismissed as both parties agree and supporting creditors do not wish to participate; alternative wording is adopted to address potential registration issues with the Land Registry.

Court Disposition

petition dismissed

Orders

Bankruptcy petition dismissed.
If there is a pending application for registration of the bankruptcy petition, respondent has liberty to apply for vacation of registration.