In re Knights (Jersey) Ltd. [1962] JJ 207 (30 July 1962)

In re Knights (Jersey) Ltd. [1962] JJ 207 (30 July 1962)

A claim to ownership of property in a bankruptcy fails if the claimant cannot show an effective transfer out of the company's ownership, especially where the supporting document relates to fictitious events.

Citation
[1962] JJ 207
Parties
Debtor: Knights (Jersey) Ltd.; Claimant: Intervener
Jurisdiction
Jersey
Judgment Date
30 July 1962
Procedural Posture
Bankruptcy / Property Distribution
Outcome
claim dismissed
Legal Topics
Property Distribution, Ownership Claims, Transfer of Property
Bankruptcy Property Distribution Ownership Claims Transfer of Property

Case Brief

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Parties

Knights (Jersey) Ltd.

Debtor

Intervener

Claimant

Procedural Posture

Bankruptcy / Property Distribution

Legal Issues

  1. 1 Whether the intervener can claim ownership of property in the bankruptcy estate based on a document relating fictitious events.

Ratio Decidendi

A claim to ownership of property in a bankruptcy fails if the claimant cannot show an effective transfer out of the company's ownership, especially where the supporting document relates to fictitious events.

Court Disposition

claim dismissed

Orders

  • Property remains available for distribution in the bankruptcy estate.