Stone v Angus - [1994] 2 NZLR 202

Bankruptcy and insolvency — Property of bankrupt — Discharge from bankruptcy — Assignment of right of action by Official Assignee to former bankrupt (plaintiff) after discharge — Plaintiff claiming from defendants proportionate share of debts acquired by him prior to bankruptcy — Application by defendants to set aside Official Assignee's decision to enter into assignment — Whether assignment champertous and contrary to public policy — Whether assignment contrary to statutory order of priority — Application of money received by Official Assignee — Whether assignment unfair to defendant — Insolvency Act 1967, ss 86, 104 and 114.