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The Court of Appeal has dismissed an appeal from the High Court, and affirmed an adjudication of bankruptcy, rejecting a plea for a stay or adjournment. The court found that the respondents had satisfied the statutory requirements for bankruptcy, and no defence against the adjudication was presented. The appellant's assets, including potential litigation outcomes and property interests, now vest with the Official Assignee. Despite the appellant's efforts to resolve her indebtedness through ongoing litigation and property sale, the court determined that these matters could not delay the bankruptcy proceedings, which have been ongoing since the initial judgment in 2009.
Bankruptcy Act 1988, adjudication of bankruptcy, Official Assignee (OA), stay of adjudication, appeal, High Court, Court of Appeal, debt settlement, personal insolvency arrangement, procedural requirements, liquidated sum, act of bankruptcy, creditor's petition, estate of bankrupt, Debt Settlement Arrangement, Personal Insolvency Arrangement, discharge of debt, litigation, property interest, Data Protection Commissioner (DPC).
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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