5 Aug 2020
COMMISSIONER OF INLAND REVENUE v REEVE [2020] NZHC 1989
- Citation
- [2020] NZHC 1989
- Court
- High Court
The Court found the s13 statutory requirements satisfied (debt of $557,750.92, act of bankruptcy by failure to comply with a Bankruptcy Notice, debt certain and payable), the tax assessments are deemed correct absent a successful challenge under the TAA, and there was no just or equitable basis to decline adjudication; accordingly the judgment debtor was adjudicated bankrupt.