LEGAL UPDATE: When Bankruptcy Can Be Annulled
Has someone made you bankrupt over a debt that you dispute?
In a recent case, an individual was made bankrupt in these circumstances. He applied to the High Court to have the bankruptcy annulled.
The High Court agreed that the bankruptcy should be annulled, and said it was enough to prove that there was a "substantial dispute" about the debt, rather than having to prove that the debt was not due at all.
This case is important, as previous conflicting decisions had left uncertainty on this issue.
We can advise you if:
- you have been made bankrupt, and you want to get the bankruptcy annulled; or
- you want to make someone bankrupt and you need to make sure the bankruptcy cannot be challenged.
Contact us today for a free no obligation discussion about how we can help.