11 Nov 2010
GRANT AND DRENNAN V OFFICIAL ASSIGNEE IN BANKRUPTCY OF THE PROPERTY OF SUSAN SPENCER HC AK CIV-2010-404-004114
- Citation
- openlaw-fc301744_6420_481d_b1f0_7642ec80f17a.pdf
- Court
- High Court
The court found the statutory prerequisites under the Property Law Act 2007 were satisfied (dispositions occurred after 31 December 2007, the debtor was insolvent at the time, and dispositions were made with intent to prejudice creditors) and therefore granted relief under s 348(2): Lindsay Crescent was vested in the Assignee free of the specified mortgages, the memorials were ordered cancelled, the interests under the Honk Farms and TG Nominees mortgages over Gladstone Road were vested in Honk Apartments (In Liquidation) and cancelled from the register, the court ordered sale of Gladstone Ro…