Mahon v FBN [2011] EWHC 1432


It was appropriate to set aside statutory demands against a husband and wife to enforce payment under a guarantee for bank finance to a company of which they were the sole director and shareholder where there was a seriously arguable misrepresentation claim of a value that was more than merely nominal, the debt was disputed on substantial grounds and the security held by the bank was of substantial value.

Read the full judgment here.