Trusted by the judiciary, government lawyers, prosecutors, and many leading counsel. Click here to request a subscription.
Trusted by the judiciary, government lawyers, prosecutors, and many leading counsel.
Click here to request a subscription.
Family home to be sold for creditors’ benefit
|
or click here to request site subscription to search and view all judgments |
High Court grants the Official Assignee an order for possession and sale of a family home, recognising the property as part of the bankrupt estate to be realised for creditors' benefit, but acknowledges the significant impact the sale would have on the former occupants, including children, and consequently grants a stay until July 2025.
Bankruptcy Act 1988 - Official Assignee - family home - possession and sale - bankruptcy - creditors - beneficial interest - valuation of property - stay of sale - vested property - equitable interest - discharge from bankruptcy - estoppel - constitutional rights - reasonable living expenses - High Court - jurisprudence.
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.
