Equititrust v Norman Clifford Boyle and Richard Lee Woods

In this case the lender sought to enforce guarantees against the defendants. Mr Norman Clifford Boyle entered into an arrangement under Part X of the Bankruptcy Act and so did not take part in hearing. Richard Lee Woods represented himself and argued that the guarantee was unenforceable until the main security had been sold. He also claimed the lender promised not to enforce the guarantee in a telephone call. The Court found for the lender on both issues and entered judgement for $8,769,360 against Mr Boyle. Bransgroves Lawyers acted for the lender.

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