Setting aside a personal insolvency agreement – on a tip-off
The Inspector-General in Bankruptcy has succeeded in having a debtor’s Part X personal insolvency agreement (PIA) of 1 March 2024 set aside pursuant to section 222(1) Bankruptcy Act on the basis that the terms of the agreement were “unreasonable or not calculated to benefit the creditors generally”. A sequestration/bankruptcy order was made by Justice Kylie […]