Falling returns in personal insolvency agreements
In the end, the bankruptcy of Mr Hartnett following the Inspector-General in Bankruptcy’s challenge to his Part X personal insolvency agreement (PIA) came down to whether the PIA remained “in force” in terms of s 222(1) of the Bankruptcy Act. It did. That the PIA would have returned ‘only’ 2.165c/$ was not in issue, not […]