The High Court has rescinded an interim order that had delayed the discharge of an individual's bankruptcy, refusing an application for an eight-year extension. The court found that despite serious issues requiring further investigation, the individual had largely cooperated with the Official Assignee, and the ongoing investigations into potential asset concealment could continue without the need for an extension. The application was brought just before the individual's automatic discharge date, and the court criticised the applicant for significant delay and misleading information.
Bankruptcy Act 1988, bankruptcy discharge, Official Assignee, asset concealment, cooperation, interim order, extension application, investigation, creditor, Liechtenstein entities, legal settlement, penal order, statutory criteria, discretion, nondisclosure, delay, prejudice, German proceedings, public policy, balance of convenience.