A statutory demand from the High Court ordered Mulei's company to pay the debt or else the creditor would file a
bankruptcy order against it.
That initial
bankruptcy order was imposed three years ago after the former Strictly Come Dancing star racked up debts - blamed on a gambling addiction - of more than PS450,000 which he could not pay back.
In August of 2014, Fred's moved to permanently enjoin the proceedings, arguing that a release stipulated by the
bankruptcy order absolved them of any products liability claims.
When the
bankruptcy order is over you can make a fresh start - in many cases this can be after a year.
FORMER Rangers star Barry Ferguson has had his
bankruptcy order over debts of more than PS1million lifted.
His spokesman said in a statement: "Mr Duncan is subject to a
bankruptcy order in relation to his private entertainment business.
So how soon after the
bankruptcy order is made will the Trustee want to deal with the house?
INSOLVENCY ACT 1986 IN BANKRUPTCY PONTYPRIDD COUNTY COURT NO 6 of 1992 RE: CERI REES Occupation unknown at the time of
bankruptcy order 17/2/1992 - NOTICE OF FINAL INTENDED DIVIDEND.
A debtor is not automatically bankrupt despite having ceased to pay its debts; to be made bankrupt a court has to issue a
bankruptcy order against the debtor.
A COMPANY director who ran up debts of more than PS500,000 and hid money from creditors has been given a 10-year
bankruptcy order.
Let's start with the basics, such as when a
bankruptcy order is appealable and how most bankruptcy appeals proceed.