Commentary

289 Grounds on which court may make insolvency administration order

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

289 Grounds on which court may make insolvency administration order

| Commentary

289 Grounds on which court may make insolvency administration order

The court may make an insolvency administration order if it is satisfied that1:

  1. 289.1

        the debt, or one of the debts, in respect of which the petition is presented is a debt which1:

    1. 289.1.1

          having been payable at the date of the petition or having since become payable, has neither been paid nor secured nor compounded for; or

    2. 289.1.2

          has no reasonable prospect of being able to be paid when it falls due; and

  2. 289.2

        there is a reasonable probability that the estate will be

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