2 Mar 2011
BODY CORPORATE 205963 V BOYKO HC AK CIV-2010-404-7842
- Citation
- openlaw-aa843aac_b5d2_4474_844e_80e3e11b1859.pdf
- Court
- High Court
An application filed within the 10 working day period seeking the Court's approval of terms of payment operates as an application that extends the time for full compliance with the bankruptcy notice under High Court Rule 24.10 and thereby defers the commission of an act of bankruptcy; accordingly the creditor's adjudication application was premature and was struck out, and the debtor's application for payment terms was declined on merits due to hopeless insolvency and futility.