It’s a big few days coming up for KordaMentha with some rapid leaps in the Ten administration possible following receiver PPB’s sale of the network to CBS and the official handover of Arrium taking place at week’s end. This afternoon lawyers for Mark Korda, Jenny Nettleton and Jarrod Villani are due to front the Federal Court in Sydney seeking approval to pay out the secured creditors of the Ten…
Ex-bankrupt Robert Coshott and his wife Ljiljana Coshott have failed in their attempts to challenge fees and remuneration payable to Nick Crouch and Shabnam Amirbeaggi, who were appointed trustees for the sale of a Bellevue Hill property held jointly by Mrs Coshott and her husband’s former trustee in bankruptcy, Max Prentice. Rubbing salt into the failure, the three judges of the Federal Court of Appeal ordered that…
Well it’s taken the corporate regulator a moment to catch up – a moment lasting 11 weeks and two days to be precise – but at last the Australian Securities and Investments Commission (ASIC) has confirmed what SiN flagged back on June 2 – Thea Eszenyi, formerly of the now defunct Adelaide office of McGrathNicol – is to be ASIC’s new cop on the liquidator…
There’s nothing like a howler in official government documentation – in this instance from the NSW Office of State Revenue – to disrupt the straightforward process of asset disposal, as Deloitte’s Neil Cussen learned in the curious case of Zerren Pty Ltd. Cussen was appointed liquidator of Zerren in June 2014 following an application by the Chief Commissioner of State Revenue to wind up the…
Stigma shmigma. Who said bankruptcy permanently stained a person with the irredeemable taint of debtor’s shame? SiN has come across a practitioner whose experience more than validates the redemptive power of personal insolvency. Last week Jirsch Sutherland announced that business director Rebecca Hindson had been appointed manager of the firm’s new Wollongong office. In a press release dated August 16 we learn that Hindson – an Illawarra local –…
Worrells pair Nathan Deppeler and Nick Cooper have at last put their brief stint as unwittingly unregistered liquidators behind them and Federal Court Judge David O’Callaghan has disclosed in his recently published reasons the difficulties in hearing an application from the pair when they were technically unregistered. As Justice O’Callaghan pointed out in his opening, “Their registrations as liquidators expired earlier this year because, through inadvertence,…
It’s taken a while but Said Jahani has begun to rebuild the restructuring ranks at Grant Thornton with news emerging today that he has lured Phil Campbell-Wilson from EY’s plush new digs near the Quay up to GT’s HQ on Kent. In a press release issued today Jahani said Campbell-Wilson would “bring a significant boost to the rapidly growing capabilities of the restructuring practice.” While that…
Down in bleak city, Pitcher Partners’ Andrew Yeo and Gess Rambaldi have failed in an attempt to reboot a $337,928.27 preference claim after a judge ruled that amendments to their originating process were invalid and the alleged preference recipient was therefore served out of time. The judge laid the blame for the bungle with the liquidators’ lawyers. Yeo and Rambaldi were appointed liquidators of Convector Grain…
They like a punt in West Australia which may explain the bold but ultimately unsuccessful bid by FTI Consulting’s Ian Francis for a chunk of cash paid into a court by a company that then went bust. Francis – who in recent years has acted for ANZ against grain farmer and ousted One Nation senator Rod Culleton – was appointed liquidator of EH2015 Pty Ltd via…
Judging by the most recent accounts and statement of Queensland Nickel’s special purpose liquidators (SPLs), Henry Carr will authorise hefty expenditures if he thinks the odds favour a result. Between December 2016 and March 2017 the Fair Entitlements Guarantee (FEG) Scheme recovery czar okayed the transfer of about $2.53 million from the coffers of the Federal Department of Employment’s (DoE) to PPB Advisory’s Steve Parbery and Michael Owen who were appointed as…