| Commentary

148 Annulment of bankruptcy orders

| Commentary

3: EARLY TERMINATION BY ANNULMENT OF BANKRUPTCY ORDER OR APPLICATION BY BANKRUPT FOR IVA

148 Annulment of bankruptcy orders

An annulment order restores the bankrupt to his pre-bankruptcy status and he remains fully liable for all bankruptcy debts. It is to be contrasted with discharge, which releases the bankrupt from almost all the bankruptcy debts1. The fact that a bankrupt has been discharged from his bankruptcy does not prevent him applying for and, if justified, obtaining an order of annulment2. Annulment is discussed at this point in this work because it has the effect of cutting the bankruptcy short; and at

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial