15 May 2007
SOVEREIGN HOMES LIMITED V MEURANT HC AK CIV 2006-404-7394
- Citation
- openlaw-10ba8f54_0ed0_412c_933e_319834e0d176.pdf
- Court
- High Court
Trustees are personally liable for debts incurred in the course of the trust and may be subject to bankruptcy remedies; a judgment entered against individuals as trustees satisfies the requirement for judgment against the person; clause 18 of the Maioro Trust deed cannot shield trustees from liability to third‑party creditors, so the application to set aside the bankruptcy notice is dismissed.