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JUDGMENT No ..... b.&/..-g.&.-
IN THE FEDERAL COURT OF AUSTRALIA ) GENERAL DIVISION
1 QLD P1132 of 1988 BANKRUPTCY DISTRICT OF THE SOUTHERN ) DISTRICT OF THE STATE OF QUEENSLAND )
RE: KENNETH J. FIELDS and DOROTHY A. FIELDS
Debtors
EX PARTE: JOHN LYSAGHT (AUSTRALIA) LIMITED
...
Judgment Creditor
t
MINUTES OF ORDER
JUDGE MAKING ORDER: PINCUS J.
DATE OF ORDER: 26 OCTOBER 1988
WHERE MADE: BRISBANE THE COURT:
1. finds the acts of bankruptcy alleged in the petition;
2. is satisfied of proof of the other matters of which the Act requires proof;
3.
makes a sequestration order in respect of the estate of each debtor;
Rule 124 of the Bankruptcy Rules.
4.
orders that the costs of the petitionlng creditor of and incidental to the petition, including the
costs of 30 September 1988, be taxed and paid in accordance with the Act.
NOTE : Settlement and entry of orders is dealt with in
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IN THE FEDERAL COURT OF AUSTRALIA 1 GENERAL DIVISION
) QLD P1132 of 1988 BANKRUPTCY DISTRICT OF THE SOUTHERN ) DISTRICT OF THE STATE OF QUEENSLAND )
RE: KENNETH J. FIELDS and DOROTHY A. FIELDS Debtors
EX PARTE: JOHN LYSAGHT (AUSTRALIA) LIMITED
Judgment Creditor -
i
PINCUS J. 26 OCTOBER 1988 EX TEMPORE REASONS FOR JUDGMENT
In this matter two aspects of the papers have been drawn
to my attention by M C Devereaux, being those mentioned in the Registrar's certificate. It does not appear to me that any amendment is necessary, nor that either deficiency is such as to invalidate the proceedings.
Mr and Mrs Fields have come to Court on two occasions
and Mr Fields has been good enough to obtain some detailed
information, admittedly a few months old, as to the affairs of the company, whose downfall has been the downfall of MC and Mrs Fields
also. He has helpfully and frankly explained to me how he sees
the company's position and has informed me that he does not
propose to resist the petitioning creditor's proceedings. I
L .
understand that is Mrs Field's position also. Therefore I find the acts of bankruptcy alleged in the
petition. I am satisfied of proof of the other matters of which
the Act requires proof. I make a sequestration order in respect of the estate of each debtor and order that the costs of the petitioning creditor of and incidental to the petition, including
the costs of 30 September 1988, be taxed and paid in accordance * with the Act.
f certify that this and the / preceding page are a true copy of the reasons for
judgment herein of His Honour
Mr. Justice Pincus
/4 4 G z e
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- AGLC
- Fields, Re K.J. John Lysaght (Australia) Ltd, Ex Parte [1988] FCA 640
- Case
- [1988] FCA 640
- Decision Date
CaseChat Overview and Summary
The court, presided over by Justice Pincus, considered the submissions from the judgment creditor and the debtors. The creditors provided evidence of the debtors' financial situation and the alleged acts of bankruptcy. The debtors did not contest the application, and Mr. Fields presented detailed information regarding the company's financial state, indicating an acceptance of the creditors' claims. The court was satisfied that all statutory requirements were met, and the evidence provided was sufficient to substantiate the acts of bankruptcy.
Accordingly, Justice Pincus issued a sequestration order against the estates of both Kenneth J. Fields and Dorothy A. Fields. The court also ordered that the costs of the petitioning creditor, including those incurred up to 30 September 1988, be taxed and paid in accordance with the Bankruptcy Act. The decision was made on 26 October 1988, and the orders reflect the court's finding that the creditors' claims were substantiated and all necessary procedural requirements were satisfied.
Orders
Orders of the court
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Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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