A bankruptcy notice is an important document. Failure to comply with the notice or to apply to the Court to set it aside will entitle a creditor to present a creditor’s petition for an order that you (the debtor) be made a bankrupt.
If you want to apply to the Court to have the bankruptcy notice set aside or to extend time for compliance with the bankruptcy notice, you must file your application within 21 days of the date of service of the Notice.
For more information including how to apply see Bankruptcy.
