Re O'Neill, M.J. & anor

IN THE FEDERAL COURT OF AUSTRALIA 1 NO. QB 938 of 1990
GENERAL DIVISION 1
BANKRUPTCY DISTRICT OF 1
THE STATE OF OUEENSLAND 1

RE : MAUREEN JOYCE O'NEILL and
TERRANCE JOHN O'NEILL
EX PARTE: MAUREEN JOYCE O'NEILL and

TERRANCE JOHN O'NEILL

Applicants

FEDERAL COURT OP

AUSTRALIA PRINCIPAL

MINUTES OF ORDER R E G I S W

JUDGE MAKING ORDER: Drummond J
DATE OF ORDER: 25 May, 1992
WHERE MADE: Brisbane
THE COURT ORDERS THAT:

The applicants are both discharged from bankruptcy pursuant to S. 150 of the Bankruptcv Act 1966 (12th).

NOTE : Settlement and entry of orders is dealt with in Rule

124 of the Bankruptcy Rules.

IN THE FEDERAL COURT OF AUSTRALIA 1 NO. QB 938 of 1990
GENERAT, DTVTSION )
BRNKRUPTCY DISTRICT OF 1
THE STATE OF OUEENSLAND 1

RE: MAUREEN JOYCE O'NEILL and
TERRANCE JOHN O'NEILL
EX PARTE: MAUREEN JOYCE O'NEILL and
TERRANCE JOHN O'NEILL
Applicants

CORAM: Drummond J

PLACE: Brisbane

DATE: 25 May, 1992

EX TEMPORE REASONS FOR JUDGMENT

In relation to the separate application by Mr. and Mrs. O'Neill for discharge from their respective bankruptcies,

I propose to grant the relief sought.

Sequestration orders were made on 23 July, ,1990. I

have taken into account the trustee's report and the circumstances leading up to the applicants' bankruptcies which

arise out of a failed restaurant venture involving Mr. and Mrs. O'Neill. I have also taken into account their respective ages and, in particular, the offer of employment which involves both Mr. and Mrs. O'Neill being appointed to the board of a company to be formed in Australia, but to perform duties in relation to a tourist venture in Guam.

Mr. O'Neillrs only source of income is presently a war services pension. I mention his age: he is 61 years of age. The remuneration that both he and his wife will receive from their participation in the G u m venture is tied to their respective performances. Taking into account all these

. matters as revealed in the material before me I have decided,

as I have said, to grant the application.

I certify that this and the preceding

page is a true copy of the reasons
for judgment herein of the Honourable
Mr. Justice Drummond.
Associate:

Date : 25 May, 1992

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Citations

Re O'Neill, M.J. & anor [1992] FCA 346

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IN THE FEDERAL COURT OF AUSTRALIA	1	NO. QB 938 of 1990
GENERAL DIVISION	1
BANKRUPTCY DISTRICT OF	1
THE STATE OF OUEENSLAND	1

JUDGE MAKING ORDER:	Drummond J
DATE OF ORDER:	25 May, 1992
WHERE MADE:	Brisbane
THE COURT ORDERS THAT:

IN THE FEDERAL COURT OF AUSTRALIA	1	NO. QB 938 of 1990
GENERAT, DTVTSION	)
BRNKRUPTCY DISTRICT OF	1
THE STATE OF OUEENSLAND	1

have taken into account the trustee's report and the	circumstances leading up to the applicants' bankruptcies which
arise out of a failed restaurant venture involving Mr. and Mrs. O'Neill. I have also taken into account their respective ages and, in particular, the offer of employment which involves both Mr. and Mrs. O'Neill being appointed to the board of a company to be formed in Australia, but to perform duties in relation to a tourist venture in Guam.
Mr. O'Neillrs only source of income is presently a war services pension. I mention his age: he is 61 years of age. The remuneration that both he and his wife will receive from their participation in the G u m venture is tied to their respective performances. Taking into account all these
.	matters as revealed in the material before me I have decided,

[1992] FCA 346

25 May 1992