Adjusting to the challenges caused by coronavirus has been difficult for all of us. However, for those acting as the executor of the Will during this period, the obligations placed...
Applications to annul a bankruptcy order
In certain circumstances, the Court has the power to annul a bankruptcy order made against you. The effect of an annulment is to cancel the bankruptcy order, and it is treated as if it was never made.
An application for an annulment can be made if:
- The bankruptcy order should never have been made. An example of this is where there has been a procedural flaw in the making of this order. It is not a further opportunity for a debtor to argue that the debt itself is disputed
- All the bankruptcy debts and expenses of the bankruptcy have been paid in full or secured to the satisfaction of the Court
- You have agreed an Individual Voluntary Arrangement with your creditors