Privilege in insolvency applications
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Mr Yurov applied for his own bankruptcy in early 2020. His trustees subsequently made an application under section 366 of the IA1986 for access to the bank statements for bank accounts that were held in Mrs Yurova’s sole name. In the witness statement in support of the application, the trustees referred to legal advice which suggested that, under Russian law, 50% of the balances in Mrs Yurova’s bank accounts belonged to the bankrupt.