Horne, in the matter of Kakavas [2010] FCA 1410

Horne, in the matter of Kakavas [2010] FCA 1410

Given the complexity of the debtor's affairs, the need for further investigation, obtaining of advice, absence of material prejudice to creditors, and the coming holiday period, it is appropriate to grant the application and extend time for the creditors' meeting.

Jurisdiction
Australia
Judgment Date
02 December 2010
Procedural Posture
Bankruptcy Application / Application for Extension of Time for Meeting of Creditors
Outcome
Application granted.
Legal Topics
['extension of Time' 'meeting of Creditors' 'controlling Trustee Powers' 'personal Insolvency Agreement']
['bankruptcy'] ['extension of Time' 'meeting of Creditors' 'controlling Trustee Powers' 'personal Insolvency Agreement']

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Procedural Posture

Bankruptcy Application / Application for Extension of Time for Meeting of Creditors

Legal Issues

  1. 1 ['Whether an extension of time should be granted for the holding of a meeting of creditors under s 194(1) of the Bankruptcy Act 1966 (Cth)']

Ratio Decidendi

Given the complexity of the debtor's affairs, the need for further investigation, obtaining of advice, absence of material prejudice to creditors, and the coming holiday period, it is appropriate to grant the application and extend time for the creditors' meeting.

Court Disposition

Application granted.

Orders

  • ['The time for the holding of the meeting of creditors of Harry (a.k.a. Haralambous) Kakavas under s 194(1) of the Bankruptcy Act 1966 (Cth) be extended to 9 February 2011.']