Fields, Re K.J. John Lysaght (Australia) Ltd, Ex Parte

Case [1988] FCA 640


/

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

!

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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Details
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 Federal Court of Australia heard an application by John Lysaght (Australia) Limited, a judgment creditor, seeking sequestration orders against Kenneth J. Fields and Dorothy A. Fields, the debtors. The application was made under the Bankruptcy Act, and the court found the alleged acts of bankruptcy substantiated. The primary issues for the court were whether the acts of bankruptcy were proven and if all necessary statutory requirements were met for the sequestration order to be granted.

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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