26 Sept 2011
SOUTH CANTERBURY FINANCE LIMITED (IN RECEIVERSHIP) V E SEREPISOS HC WN CIV-2011-485-279
- Citation
- openlaw-affed345_d3e7_4671_bdca_a43d0ca8d220.pdf
- Court
- High Court
The creditor satisfied the statutory requirements (s13 and s14), the debtor committed an act of bankruptcy and admits inability to pay; the Court found no just or equitable basis under s37 to refuse adjudication or to grant the eleventh‑hour adjournment and therefore adjudicated the debtor bankrupt.