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GAZETTE NOTICE NO. 157
GAZETTE NOTICE NO. 157
THE HIGH COURT OF KENYA AT NAIROBI THE INSOLVENCY ACT
(Cap. 53)
ACT
under the Insolvency Act! NO
(ii) Have you been bankrupt before in Kenya? NO
(iii) If you answered yes, provide the following details for all insolvency proceedings:
a. filing date and location of the proceedings: N/A
b.name of trustee or administrator:
c. if applicable, whether the proposal was successful:
d.date on which Discharge was obtained (dd/mm/yy):
(iv) Do you expect to receive any sums of money that are not related to your normal income, or any other property within
the next 12 months? NO
10th January, 2025 THE KENYA GAZETTE
(v) Give reasons for your financial difficulties:
1. Huge loan inflation
2. Low business/loss of income
3. Road accidents not indemnified by insurance companies
4. Lack of expertise in business
(iv) REASONS FOR INSOLVENCY
(a) What do you believe is the MAIN cause of your insolvency (tick where appropriate)?
(a) Unemployment or loss of income
(b) Adverse legal action
(c) Gambling, speculation and extravagance in living
(d) Domestic discord or relationship breakdowns
(e) Excessive interest payments
(f) Lack of sufficient working capital
(g) Excessive drawings
(h) Inability to collect debts due to disputes, faulty work, bad debts
(i) Economic conditions including external influences, competition and increases in costs
(j) Lack of business ability including under-quoting or failure to assess potential of business
(k) Liabilities due to guarantees
(l) 111 health or absence of health insurance
(m) Excessive use of credit facilities
(n) Seasonal conditions including floods and drought
(o) Failure to provide for taxation
(p) Failure to keep proper books of account and costing records
(b) What do you believe are the CONTRIBUTING causes of your insolvency (tick where appropriate)?
(i) Unemployment or loss of income
(ii) Adverse legal action
(iii) Gambling, speculation and extravagance in living
(iv) Domestic discord or relationship breakdowns o Excessive interest payments V
(v) Lack of sufficient working capital
(vi) Excessive drawings
(vii) Inability to collect debts due to disputes, faulty work, bad debts
(viii) Economic conditions including external influences, competition and increases in costs
(ix) Lack of business ability including under-quoting or failure to assess potential of business
(x) Liabilities due to guarantees
(xi) Ill health or absence of health insurance
(xii) Excessive use of credit facilities
(xiii) Seasonal conditions including floods and drought o Failure to provide for taxation
(xiv) Failure to keep proper books of account and costing records
(c) Do you have any further comments on the cause(s) of your insolvency? If, yes, please give details. NO
I, Alfred Omwansa Momanyi of P.O. Box 100240–00101, Nairobi in the Republic of Kenya, do swear (or solemnly declare) that this statement
is, to the best of my knowledge, a full, true and complete statement of my affairs on 31st March, 2023 and fully discloses all property and transactions
of every description that is or was in my possession or that may devolve on me in accordance with the Insolvency Ac/* and Regulations.
MWANGI MWANGI & ASSOCIATES ADVOCATES,
C/O Casamia Apartments, 2nd Floor, Aprt, B3-2 Ngong Road,
After Lexo Petrol Station,
P.O Box 18050–00100, Nairobi
E-mail: Mwangimwangiadvocates.Co.Ke
to Be Served Upon:
Official Receiver
316 Upperhill Chambers, 2nd Ngong Avenue, 17th
Floor.
MR/6524060 P.O. Box 30304–00100 Nairobi
THE KENYA GAZETTE 10th January, 2025
Dated the 10th January, 2025.
Extracted Entities (1)
previous_gazette_ref
157
Details
- Act / Legislation
- THE HIGH COURT OF KENYA AT NAIROBI THE INSOLVENCY ACT
- Reference
- Cap. 53
- Date Signed
- 10th January 2025
- Page
- 9
- Extraction Method
- regex
Source Gazette
Vol. CXXVII No. 4
Published 3rd January 2025