The court has the power to annul an order in the following range of circumstances.
Firstly, grounds existed which meant that the order should not have been made.
Secondly, the bankrupt has entered into an IVA with his/her creditors.
Thirdly, the bankruptcy debts and expenses have, following the Bankruptcy Order, been paid or secured to the satisfaction of the court
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.
Time of often of the essence in these such applications and immediate advice ought to be obtained.
Need help? Olliers are specialist Bankruptcy Annulment Lawyers (London & Manchester)
Contact Stephen Chinnery on 0161 834 1515 or by email.
