Re Censori, E.E. & Anor v Ex parte Official Trustee in Bankruptcy

[1985] FCA 680

PE:

W P.W.TE:

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1N.S.GJ.) F t v Limlted. Mr. Fa r t r idqe , who i s descr ibed as ?,

t -ontrnl l lnq trustee. Mr. Harper, descr ibed as commercial manacrer

t n Mr. Partrldqe, Miss Rosemary Volunq, sald t o be a sec re t s rp ,

.tnd one of the debtors. Mr. El iseo Censori .

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The ? l f f e rence be tween t he amoun t s received and the amounts

p a i d i s $ 4 9 7 . 1 7 . There is n o e x p l a n a t i o n In the ev idence as to

how t h i s s u m w a s d i s b u r s e d . i f it was d i s b u r s e d , nr how o t h e r v l s e

4.

i t has been accounted for. I n %he licrht (2f the f a c t ths? the

,amounts owed t o the cr%ditors ?xceed the sum of $48,900. ~t - J O L I ~ ~

? e m t o me that f o r p r a c t i c a l purposes the sum of $?.n00. C J h l C h

represented the divldend of 18 c e n t s i n t h e d o l l a r . i s a l l tha t

the c r e d i t o r s will receirre. There 1 s PO suaaes t lnn tha t there

a r e anv o ther ~ s s c t s whlch mav be real~sed nr a n v 83ther source

from which the t rustee m a y 7 recover rnonev.

r

Tn m v o p i n i m . one has t o be p r a c t ~ c ~ l 3bnu t *he matter.

There is no basis Iupon whlch the credltnr. rail i n f s c t c e c e l v n

v v fur ther d iv ldend. As I have s a i d . f u r practical purpnses t h e

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flividend alreadv paid i s the L i n a l fdivldend. I n tlhoce

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frircumstances. I have reached the concluslnn tha t , althoucrh the

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deed of ?.sslanment %as not a deed of assianmenc under Fart :< and

mlaht otherwlse have been avoided under sub-sec. 2 2 2 1 2 ) . I should

not make the order because khe app l i ca t ion t o avoid the

sssianment w a s not made u n t i l a f t e r t h e f l n a l d l v i d e n d was pald.

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Dlscussion ensued as to the form of relief xhich nunht to b?

rrranted. His Honour then continued:-

HIS HONOUR: I declare that the applicatlon made on 31 October

1985 was made after the Favment of the final dividend p a ~ d

pursuant, t o the deed of assinnmenf. referred t n in paracrraph 1 of

the appllcatinn. The aopllcation is otherwlce dismissed. There

m11 b? libertv t n apF lv .