23 Nov 2022
WETINI v THE OFFICIAL ASSIGNEE [2022] NZHC 3068
- Citation
- [2022] NZHC 3068
- Court
- High Court
The Court found it was fair under s 119(3) to vest the bankrupt's share in the applicant because she suffered loss from the disclaimer, had effectively maintained and increased the property's value, the mortgagee and Crown did not oppose vesting, and vesting was necessary to allow her to realise and deal with the property; vesting was ordered subject to repayment of $20,000 to the Official Assignee from sale proceeds to reimburse renovations and outgoings.