Jon Colclough successfully argued that future payments under an IPO are not provable in a subsequent bankruptcy: (i) first as a matter of statutory construction of the insolvency legislation; and (ii) second, pursuant to the common law rule developed in Re Bradley-Hole (A Bankrupt) [1995] 1 WLR 1097, Cartwright v Cartwright [2002] EWCA Civ 931 and Booth v Mond [2010] EWHC 1576 (Ch).
View judgment here