The Remise de Biens of Mr James Barker [1987] JRC 013 (26 January 1987)

The Remise de Biens of Mr James Barker [1987] JRC 013 (26 January 1987)

The court determined that Mr James Barker met the statutory requirements for remise de biens, as there was a reasonable prospect that asset realisation could benefit creditors more than immediate bankruptcy.

Citation
[1987] JRC 013
Parties
Debtor: Mr James Barker
Jurisdiction
Jersey
Judgment Date
26 January 1987
Procedural Posture
Remise De Biens / Judgment
Outcome
remise de biens granted
Legal Topics
Remise De Biens, Debt Restructuring
Insolvency Remise De Biens Debt Restructuring

Case Brief

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Parties

Mr James Barker

Debtor

Procedural Posture

Remise De Biens / Judgment

Legal Issues

  1. 1 Whether Mr James Barker qualifies for remise de biens protection under Jersey law

Ratio Decidendi

The court determined that Mr James Barker met the statutory requirements for remise de biens, as there was a reasonable prospect that asset realisation could benefit creditors more than immediate bankruptcy.

Court Disposition

remise de biens granted

Orders

  • Remise de biens protection granted to Mr James Barker
  • Appointment of Jurats to oversee asset realisation