The joint registered proprietors can and must still execute a deed that disposes of the registered legal estate (for example, a transfer or mortgage), but it is good practice for the Trustee in Bankruptcy to consent and concur with the sale, to receive the Bankrupt's share of the capital monies arising.

[See 'Survivorship', 'Beneficial Interest', 'Trustee in Bankruptcy' and 'Bankruptcy'.]

Judgment Rate

On making a claim in an insolvency, a creditor is entitled to claim for interest on the claim up to the date of commencement of the insolvency (for example, Bankruptcy Order, or the date of the special resolution in a Creditors' Voluntary Liquidation).

Interest can be claimed either at the rate specified in the contract between the parties (if there was a contract, or, if there was such a clause in it) or at the 'judgment rate', set out in section 17 of the Judgments Act 1838, whichever is the lesser).

The judgment rate under the Judgments Act is currently 8 per cent.

[See 'Special Resolution', 'Bankruptcy Order' and 'Creditors' Voluntary Liquidation'.]

L

Land Charges Department

Land charges are registered to protect the interests, in unregistered land, of a person who does not hold the title deeds and thus cannot physically control when and how the land is disposed of.

They are registered at the Land Charges Department.

Land Registry

The Land Registry is a non-ministerial Government department which registers the ownership of land and property in England and Wales.