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Auckland man fails to overturn bankruptcy after $34k fines defending $80 speeding ticket (www.nzherald.co.nz)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 2 days ago

What does "bankrupt" mean here? The only kind of bankruptcy I'm aware of is where the individual declares it, and it basically means the creditors are compelled to accept the court's resolution of the debt.

I've never heard of the idea of the government making such a declaration. What are the consequences of such a declaration?