Articles by Peter Gosnell

Hall Chadwick’s Validus link snapped by BRI

It’s with a sense of deja vu that INO embarks upon this tale, not least because there’s a link between many of the characters and those we featured in Hall Chadwick’s Validus DIRRI Heavy On Referrer Detail, published on Wednesday. Back on May 11, 2018 one of the directors of ASX-listed Capital Mining Limited called Hall Chadwick’s Richard Albarran to arrange a meeting. There must’ve been a fair degree…


Industry acts as Treasury releases phoenix reforms

Federal Treasury yesterday released its Reforms to combat illegal phoenix activity – Draft Legislation and the insolvency industry’s key association produced a summary of the exposure draft’s key points and invited members to provide feedback for inclusion in the Australian Restructuring Insolvency & Turnaround Association’s (ARITA) submission. The reforms – which are a centrepiece of Financial Services Minister Kelly O’Dwyer’s anti-phoenix crusade, will: Create new phoenix offences to target those…


Crouch Amirbeaggi are Seeking an Insolvency Manager

Are you looking for a new home? Well, Crouch Amirbeaggi is hiring! We are looking for experienced insolvency managers to join our boutique firm specialising in business advisory, personal and corporate insolvency. The role includes (but is not limited to): All facets of corporate and personal insolvency file management; Autonomy to run your own files; Exposure to complex matters at all levels working closely with…


Comment: Industry funding could decimate profession

INO was having coffee with an insolvency practitioner (IP) the other day when the conversation turned to the Industry Funding Model (IFM). Pulling a document from his briefcase the IP showed how the Australian Securities and Investments Commission (ASIC) had arrived at a sum of almost $20,000 it intends to claim from his modest single liquidator firm when it begins issuing invoices in January, 2019. Confirming that…


Hall Chadwick’s Validus DIRRI heavy on referrer detail

Hall Chadwick’s Richard Albarran and Brent Kijurina have lodged a detailed and informative declaration of independence, indemnities and relevant relationships (DIRRI) after accepting an appointment as administrators of Validus Advisory Group. The detail was necessary to explain why there was no unmanageable conflicts given that Hall Chadwick’s Blair Pleash and Kathleen Vouris had previously been administrators of a deed of company arrangement (DoCA) executed by…


Advertorial: Bootcamps fill void left by AFSA

Readers of INO may be aware that we are a regular media partner for the bankruptcy bootcamps and professional development offerings of Rosie Traill’s Traill & Associates. Best known for her Practical Insolvency series – now in its 18th year – more recently Rosie established an annual Bankruptcy Congress filling the gap left by AFSA’s withdrawal. The newest addition to the roster are the ”bankruptcy…


SX Projects liquidator resigned after threats

It was just before the May 21, 2018 annual meeting of creditors of failed builder SX Projects that incumbent liquidator Geoff Reidy was approached by several individuals wanting a quiet word. Intrigued, Reidy agreed to the impromptu chat with the men, who one of INO’s sources described as being of South Pacific islander appearance. Once away from prying ears and eyes however, it became clear that they weren’t…



Courtenay House duo extract the lot from Ponzi boss

After advising creditors of Courtenay House Capital in June this year that they would not recommend a settlement offer from Tony Iervasi, it looks like liquidators Said Jahani and John McInerney have extracted something much more favourable. In a July 27, 2018 circular the Grant Thornton duo told creditors that they had signed a deed of settlement with the self-confessed Ponzi scheme operator just a day earlier. “Under the terms…


MK liquidator floored by phoenix allegation

Sydney liquidator Steve Naidenov has been accused of presiding over a phoenix transaction during an at times heated public examination into the affairs of the MK Floors Group. The accusation, which Naidenov strenuously denied, came towards the end of the first day of a multi-day examination brought by the Commonwealth’s FEG Recovery Unit. FEG is seeking $1.5 million from Naidenov and Veritas Advisory head David Iannuzzi, who were…