Bankruptcy Proceedings against 2 or more Debtors for a Judgment in a Single Sum
To make a person a bankrupt, firstly there must be a purported act of bankruptcy, i.e. the unpaid judgment sum. If there is 1 debtor in that particular judgment, then it would be straightforward, i.e. Judgment Creditor (“JC”) only has to file in a Bankruptcy Notice (“BN”) against that particular Judgment Debtor (“JD”), for the full sum as his judgment debts. However, issue arises if there are more than 1 JD, sharing 1 judgment, for 1 single sum, what is the correct amount that a JC should place in each of the JDs’ BN?