Read the full judgment text of HCB 000098/1985 on BabelCite. This HCB judgment.
1. This is an application by the judgment debtor to set aside the petition on the grounds that her assets available for division among the unsecured creditors, after payment of all costs, charges and expenses would not be sufficient to pay a dividend of 15 per cent. Unfortunately, there are several conflicting judgments on this subject and the law is by no means clear. At the conclusion of the hearing I informed the parties that I would make a Receiving Order and in due course give my written re