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Jersey Law Reports
You are here: BAILII >> Databases >> Jersey Law Reports >> In re PSD Enterprises Ltd. v [1998] JLR 321 (24 September 1998)
URL: http://www.bailii.org/je/cases/JLR/1998/JLR980321.html
Cite as: [1998] JLR 321

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In re PSD Enterprises Ltd. v 1998 JLR 321 (24 September 1998)


Bankruptcy-desastre-preferences-court may only make order under Bankruptcy (Desastre) (Jersey) Law 1990, art. 17 in relation to preference given by debtor if debtor unable to pay debts as they fall due, i.e., "cash flow" test of insolvency-permissible to consider state of debtor's balance sheet, since may be evidence of cash flow-may infer insolvency if debtor insolvent before or after relevant time

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URL: http://www.bailii.org/je/cases/JLR/1998/JLR980321.html