Re Hall ex parte City Construction Ltd - [1990] 1 NZLR 577

Bankruptcy and insolvency — Bankruptcy petition — Solvent debtor — Creditor's petition — Act of bankruptcy having been committed creditor filed petition in bankruptcy which debtor opposed on ground that he was solvent — Whether distinction should be made between debtor who had not paid and debtor who could not pay his debts — Whether it was intention of legislature that solvent debtor should be made bankrupt — Whether petition should be granted — Insolvency Act 1967, s 26.