11 Dec 2015
The application for an extension of time was dismissed because the defendant failed to file sworn evidence demonstrating a defence or reasonable prospect of repaying the tax debt, but the court declined to make a liquidation order immediately and adjourned the matter to 18 February 2016 to allow a short period for possible refinancing or resolution.
6 Nov 2012
The adjournment was refused and the debtor adjudicated bankrupt because the asserted insurance claim was uncertain in merit and timing, the debtor is demonstrably insolvent, and the interests of equal treatment of creditors and administration by the Official Assignee outweighed the case for further delay; the creditor had proved indebtedness.
26 Jul 2012
Given the unpaid judgment debt, service of a Bankruptcy Notice, the debtor's failure to respond or file a Notice of Opposition, absence of financial disclosure, and no appearance to support the requested adjournment, the Court was satisfied the debtor was unable to pay and adjudicated him bankrupt.
17 Nov 2011
The debtor admitted the core tax liability, failed to remedy the Bankruptcy Notice, and on his own admission is insolvent; having committed acts of bankruptcy under ss 16 and 17 and with s 13 requirements met, the Court must grant an adjudication order under s 36 Insolvency Act 2006.
28 Mar 2008
Applicant was a creditor; respondent was insolvent and without management; proper service and consent of proposed administrators were filed; evidence showed administration would likely produce a better return for creditors and shareholders than immediate liquidation (including potential sale of the business), therefore the Court exercised its power under s239L to appoint the proposed administrators and awarded costs to the applicant.
29 May 2007
The company was insolvent (no assets and outstanding tax liabilities of $85,632.05) and there was no realistic prospect of repayment; accordingly the Court ordered the company to be placed in liquidation, appointed liquidators and awarded costs to the plaintiff.