In the matter of a Debtor's petition for individual bankruptcy and in the matter of a petition for a Receiving Order by Kyozaire Joyce (Debtor) (Bankr(2)
Observed later treatment
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Holding
Held that a debtor's petition for bankruptcy must strictly comply with Regulation 13 of the Insolvency Regulations 2013, requiring public notice in proper form. The petitioner failed to publish adequate notice: the advert did not state the bankruptcy petition number, appeared in a publication of uncertain circulation and language, and lacked sufficient information for creditors to respond. The petition was dismissed without costs, with liberty to refile in compliance with statutory requirements.
Outcome
Petition dismissed with liberty to refile in compliance with statutory requirements
Facts
Kyozaire Joyce petitioned the High Court for individual bankruptcy and a receiving order, averring that she was unable to pay fourteen debts totalling at least UGX 70,000,000 owed to twelve creditors. She stated that she had operated a retail shop business in Kakiika, Mbarara City, which became insolvent due to insufficient working capital consumed by family needs during the COVID-19 lockdown. She had sold land at Rwobuyenje to service debts but this was insufficient. She had no secured creditors and no remaining movable or immovable assets. The petition was supported by a statement of affairs showing eight dependants and earnings of only UGX 500,000 in the preceding twelve months. The petitioner served the petition on all twelve creditors and the Official Receiver. She published what appeared to be a public notice in a publication called "Eihwa" dated 5th to 11th September 2023.
Issues
- Whether the petitioner complied with the procedural requirements for filing a debtor's petition for individual bankruptcy under the Insolvency Act 2011 and Insolvency Regulations 2013, specifically regarding public notice.
Orders
- Petition dismissed.
- No order as to costs.
- Petitioner at liberty to file another petition complying with the law.
Rules and key headnotes
Legislation cited (17)
- Insolvency Act 2011 s.20(1)
- Insolvency Act 2011 s.20(2)
- Insolvency Act 2011 s.3(1)(a)
- Insolvency Act 2011 s.3(1)(b)
- Insolvency Act 2011 s.3(2)
- Insolvency Act 2011 s.4
- Insolvency Act 2011 s.21(1)
- Insolvency Act 2011 s.22
- Insolvency Act 2011 s.27
- Insolvency Regulations 2013 r.7
- Insolvency Regulations 2013 r.8
- Insolvency Regulations 2013 r.10
- Insolvency Regulations 2013 r.11
- Insolvency Regulations 2013 r.13
- Insolvency Regulations 2013 r.15
- Insolvency Regulations 2013 r.21
- Insolvency Regulations 2013 r.22
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.