- Insolvency Insider UK
- Posts
- Principal secured debts not moratorium debts
Principal secured debts not moratorium debts
Court of Appeal decision in Forbes v Interbay and Forbes v Seculink

Heff Heathcote of TLT and Roger Laville of Five Paper summarise a recent Court of Appeal judgment ruling that the principal amount of a secured debt that has fallen due for payment prior to the start of a breathing space moratorium is a “non-eligible debt”, and not a moratorium debt.