15 Oct 2014
CLAYTON v CLAYTON (Second Interim Judgment) [2014] NZHC 2528
- Citation
- [2014] NZHC 2528
- Court
- High Court
Because the debtor arranged an imminent trust distribution sufficient to pay the principal judgment and part of maintenance, the Court granted a limited postponement: a bankruptcy adjudication will take effect at 4.00 pm on 24 October 2014 unless the debtor pays in cleared funds the specified total ($262,186). If payment is made the adjudication is revoked and the application is adjourned to 8 December 2014; costs are deferred until final determination, with preliminary indication favouring 2B scale and potential uplift given prior meritless proceedings by the debtor.