26 Nov 2015
PARKER (BANKRUPT) v OFFICIAL ASSIGNEE [2015] NZHC 2871
- Citation
- [2015] NZHC 2871
- Court
- High Court
The Official Assignee discharged its burden to show that continuation of bankruptcy beyond three years is necessary in the public interest because the bankrupt solicited investor funds while insolvent through the Steppeland/SAM/SAL scheme, gave guarantees while insolvent, concealed material information and trusts, was evasive and uncooperative in examinations, and therefore presented an ongoing commercial risk; accordingly the objection to discharge was upheld and the bankruptcy extended until 18 February 2017.