ATO

Liquidator can’t overcome conflicted claims

John Sheahan of Sheahan and Lock. Well this is rich. Directors conflicted to their eyeballs, objecting to a liquidator’s application to be appointed liquidator on the basis that he’d be conflicted. And a judge agreeing. Of course, in an administration involving an impugned corporate group, dubious inter-company loans, deeds of settlement and of release, Swiss accounts and Israeli banks, industrial-scale tax avoidance and jurisdictional departures,…

Read More

ATO debt no bar to pre-insolvency guru’s expo gig

de Jonge Read founder and executive director Henry ‘Hank’ de Jonge. At first glance, schooling accountants on saving businesses when one of your own companies is hopelessly insolvent would seem presumptuous. But maybe insights that cannot be acquired without enduring the stigma of unmanageable indebtedness imbue one with unmatched credibility? Certainly the recent placing of two companies into liquidation – one of which owes the…