Bankruptcy Annulments

There can be many reasons that an individual may wish to annul a Bankruptcy Order made against them.

The Court has the power to annul a bankruptcy order in the following circumstances –

• Grounds existed at the time the Order was made which meant that the Order should not have been made
• The bankruptcy debts and expenses have, following the Bankruptcy Order, been paid or secured to the satisfaction of the Court
• The bankrupt has entered into an IVA with his creditors

It is normally incumbent upon the bankrupt to prepare, issue and prosecute the application for Annulment.

Whilst there is no time limit upon when an application can be made prospects are greater the sooner the application is made following a bankruptcy order.

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