1 Sept 2008
FOUNDATION SECURITIES (NZ) LIMITED V ROBYN MARIE CASE HC AK CIV 2007-404-006964
- Citation
- openlaw-cfed9481_9d3d_415d_aedd_33446de86d6c.pdf
- Court
- High Court
The debtor failed to comply with a properly served bankruptcy notice and did not demonstrate capacity to pay debts as they fell due; the petitioning creditor proved its debt and that its security did not exceed the debt by more than $200 when accounting for the Inland Revenue priority and s50; accordingly adjudication of bankruptcy was ordered.