9 Mar 2020
HAINES v MEMELINK [2020] NZHC 434
- Citation
- [2020] NZHC 434
- Court
- High Court
The Court found that the debtor committed an act of bankruptcy by failing to pay or apply to fix the costs claimed under the bankruptcy notice by midnight on the last compliance day; the principal sum was likely paid by electronic transfer within the 10 working day period, but the unpaid costs constituted an act of bankruptcy and, having weighed discretionary factors, the Court adjudicated the debtor bankrupt pursuant to s11 Insolvency Act 2006.