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Mortgage Debt, Bankruptcy, and the Value of Security

Nigel Clayton considers the recent decision in EFG Private Bank Ltd v Babaee, a case which concerned bankruptcy proceedings initiated by a mortgage lender against a borrower who defaulted on a loan secured by a legal mortgage.    Case Name, Reference and BAILII link  EFG Private Bank Ltd v Babaee (Re Insolvency Act 1986) [2024] EWHC 444 (Ch) (01 March 2024)    Summary  This case considers the way in which the ICC deals with a bankruptcy petition presented by…

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