Bankruptcy

Ex-Director incarcerated, accounts remembered

Helm Advisory managing director Stephen Hathway. Liquidators fuming and frustrated by a director with RoCAP-onset amnesia should familiarise themselves with Westmeat Development Pty Ltd (Westmeat), a case before the NSW Supreme Court that aptly demonstrates the motivating power of custody. For almost six months Westmeat’s former director Nahi Nasri Gazal has been languishing in gaol, having been sent down for . . . Restricted Content Dear…

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Court starved of candour over super grab

Giovanni “John” Carrello of BRI Ferrier WA. West Australia insolvency veteran Giovanni “John” Carrello has emerged much scathed from an attempt to gain control of one half of a self managed super fund (SMSF), with a judge excoriating the BRI Ferrier WA principal for inadequate disclosures and a reluctance to address concerns expressed by the court. Read on, all ye who would covet a dead…