Bankruptcy

Claim for remuneration determination “misconceived”

You’d think that engineering 100 cents in the dollar for creditors plus a surplus might get you a little leeway when it comes to a remuneration determination for an extra $10k but as Brett Harrison recently discovered, that’d be no. The Hobart-based trustee in bankruptcy, having completed all relevant tasks in respect of the estate of one Marianne Rose Beck, went to the Federal Circuit…

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When your appointor might be a bankrupt

O’Brien Palmer’s Daniel Frisken. What’s in a name? Well when you’re a registered liquidator authorised to accept formal appointments from directors there’s plenty, particularly when the sole director doing the appointing has four names and there’s a possibility he might be an undischarged bankrupt. The RegLiq in question in this intriguing case is O’Brien Palmer partner Daniel Frisken, who was appointed administrator of builder NPH…