Federal Court of Australia
JUDGMENT No. $82/.6.L.
BANKRUPTCY - application for discharge - quarantee of borrowings arranged by former husband - no other direct involvement in financial aspects of former husband's business ~- no intention of carrying on business on own account - desire to remarry - possibility of intended husband's standing being affected by continuing bankruptcy - no unsatisfactory conduct - no reason of public interest or commercial morality to refuse discharge -
discharge granted.
Bankruptcy Act 1966
RE: ELSIE ANNETTE MASOTTO
NO. 512 OF 1985
FRENCH J.
PERTH
26 OCTOBER 1987
IN THE FEDERAL COURT OF AUSTRALIA GENERAL DIVISION BANKRUPTCY DISTRICT OF THE STATE OF WESTERN AUSTRALIA
ee ee
No. 512 of 1985 RE: ELSIE ANNETTE MASOTTO
Applicant
MINUTE OF ORDER
JUDGE MAKING ORDER: FRENCH J. DATE OF ORDER: 26 OCTOBER 1987 WHERE MADE: PERTH
THE COURT ORDERS THAT:
1. Upon the applicant's undertaking not to act as an officer of any company or to engage in or carry on business on her own account directly or indirectly prior
to 11 November 1988, the bankruptcy is discharged.
Note: Settlement and entry of orders 1s dealt with in
Rule 124 of the Bankruptcy Rules.
IN THE FEDERAL COURT OF AUSTRALIA GENERAL DIVISION BANKRUPTCY DISTRICT OF THE STATE OF WESTERN AUSTRALIA
No. 512 of 1985 RE: ELSIE ANNETTE MASOTTO Applicant
CORAM: FRENCH J.
26 OCTOBER 1987 REASONS FOR JUDGMENT On 18 September 1984 the Westpac Banking Corporation obtained a judgment in the Supreme Court of Western Australia
against Elsie Annette Masotto in the sum of $81,033.14 and
$4,798.36 interest.
By a bankruptcy notice issued on 1 March 1985, Westpac demanded payment within 14 days of the total sum of $85,831.50 due
under the judgment.
The notice not having been complied with, a creditor's petition issued and on 11 November 1985 Toohey J. made a
sequestration order against Mrs Masotto's estate.
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