AFSA

Suspended trustee relieved of remaining estates

Trustee Ross Thomson It might seem like trustees in good standing with Tim Beresford are thin on the ground but unless the Inspector General in Bankruptcy (IGB) intends to further burden the Official Trustee’s workforce then Beresford will soon be farming out a swathe of estates to private practitioners thanks to Justice Darren Jackson of the West Australian division of the Federal Court. “…. her…

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Adgemis debtor’s petition rejected

Pitcher Partners’ Andrew Yeo. Beleaguered deal maker Jon Adgemis‘ fall is so complete he can’t even bankrupt himself. This morning the Federal Court ordered that the debtor’s petition Adgemis filed with the Official Receiver in a blaze of righteous publicity yesterday be rejected. On Thursday Adgemis told the world he was prepared to take responsibility for the $1.8 billion failure of his Public Hospitality Group…