Bankruptcy

Don’ts add up to an ousting for incurious trustee

Advanced Insolvency’s Sarandos “Sandy” Spyrakis. A couple of don’ts for bankruptcy trustees. Don’t ignore a substantial creditor’s request to call a meeting. And don’t appoint a related party to the bankrupt as a director of a company you’ve told creditors was insolvent and which the same substantial creditor is seeking to have wound up. As Federal Court judge Melissa Perry showed this week, doing either…

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Hall Chadwick duped into misdirecting legal fees

Hall Chadwick partner John Shanahan. iNO had to suppress a grimace on seeing the financial complaints ombudsman David Locke spruik the Commonwealth Bank of Australia’s (CBA) latest anti-scam initiatives over the weekend. The Australian Financial Complaints Authority (AFCA) ceo and chief ombudsman did his bit for the bank by posting on Linked In a Sydney Morning Herald (SMH) piece on CBA’s Scam Indicator and NameCheck…