Bankruptcy of chargor prevented receivers from exercising right of enfranchisement
Section 306 of the Insolvency Act 1986 provides that a bankrupt’s estate shall vest immediately in the trustee in bankruptcy and no registration is required to effect that vesting; a bankrupt’s tenancy had vested in the trustee so that the bankrupt was no longer the qualifying tenant for the purposes of enfranchisement under the Leasehold Reform Act 1967.
Mr James was the registered proprietor of a long lease entitled to serve notice claiming the freehold pursuant to the 1967 act. He charged the long lease and the chargee sub-charged. Mr James was adjudicated bankrupt…
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