In Seg Bell v Ratna Singh [2024] EWHC 2725 (KB), Master Davidson, sitting in the London Circuit Commercial Court, made third-party debt orders over the personal pension rights of two judgment debtors. In doing so, the Master made the now-familiar auxiliary orders requiring the debtors to exercise their rights to draw down their pensions, whereupon debts would become due on which the third-party debt orders would bite.
In the course of considering whether to make the final orders, the Master considered their effect on the debtors’ many other creditors, but decided that, as the judgment creditor was by far the largest creditor, the existence of other creditors for smaller sums and a smaller percentage of the debtors’ overall liabilities was not a reason not to make the orders.
A transcript of the short judgment can be found here.
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