Horton v Henry
Section 310 of the Insolvency Act 1986 does not empower the court to make an income payments order in respect of uncrystallised pensions, as the respondent is not entitled to payment until elections are made and the pension is in payment. The court has no power to require the respondent to crystallise his pension or to direct how he should exercise his options under the pension scheme.
- Parties
- Applicant: Robert William Leslie Horton; Respondent: Michael Gerard Henry
- Jurisdiction
- England and Wales
- Judgment Date
- 17 December 2014
- Procedural Posture
- Bankruptcy / Application for Income Payments Order
- Outcome
- Application dismissed
- Legal Topics
- Income Payments Order, Uncrystallised Pension Rights, Trustee Powers in Bankruptcy
Case Brief
Summary, issues, holding and outcome
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Parties
Robert William Leslie Horton
Applicant
Michael Gerard Henry
Respondent
Procedural Posture
Bankruptcy / Application for Income Payments Order
Legal Issues
- 1 Whether the court has power under section 310 of the Insolvency Act 1986 to make an Income Payments Order in respect of a pension which is not in payment
- 2 If such power exists, what amount, if any, out of sums to be drawn from the respondent's pensions should be retained by the respondent rather than paid to the Trustee
Ratio Decidendi
Section 310 of the Insolvency Act 1986 does not empower the court to make an income payments order in respect of uncrystallised pensions, as the respondent is not entitled to payment until elections are made and the pension is in payment. The court has no power to require the respondent to crystallise his pension or to direct how he should exercise his options under the pension scheme.
Court Disposition
Application dismissed
Full Case Text
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