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Bankrupts beware!

By Tony Johnson - 1 Aug 2012

Enforcement of bankruptcy overseas

The Insolvency (Cross-Border) Act has made the enforcement of bankruptcy orders overseas more straight-forward.

We recently completed a court ordered sale of property owned in New Zealand by an Australian bankrupt.

Previously there were difficulties in a trustee in bankruptcy acting outside their own country.  All that is required now is a simple order of the overseas court granting recognition of the trustee's rights in that particular country.

For more information on bankruptcy issues please contact:

Tony Johnson

Claire Mansell


Insolvency (Cross-Border) Act 2006


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