Debt collection is about the application of pressure, and sometimes a creditor will bring a bankruptcy petition to apply the maximum pressure to a debtor. If you are faced with such a petition, can you block it? Yes, you can, by utilising Section 12(2) of the Bankruptcy Act 1988, which I set out below.
(2) In considering whether it is appropriate to make an order under subsection (1)
the Court shall have regard to whether or not the petitioning creditor had unreasonably
refused to...
How to stop a creditor making you bankrupt
(2) In considering whether it is appropriate to make an order under subsection (1)
the Court shall have regard to whether or not the petitioning creditor had unreasonably
refused to...
How to stop a creditor making you bankrupt
