van den Berg (Re)
The bankrupt failed to discharge statutory duties and did not demonstrate that his debts arose from circumstances beyond his responsibility or satisfactorily account for prior assets; the vehicle insurance net proceeds are a non-exempt asset of the estate and the unpaid trustee fee balance is owing; therefore under ss.172(2)(c) and 173 the court refuses discharge with leave to re-apply upon full compliance, and sets payment, interest and assignment conditions to protect creditors and uphold system integrity.
Source excerpt
- Discharge of bankrupt
- Trustee remuneration
- Non-exempt assets
- Insurance proceeds
- S.173 grounds for refusal
- Statutory duties of bankrupt