Bankruptcy

Bankruptcy trustee’s axing imminent

Artemis Insolvency’s Peter Dinoris. The bankruptcy regulator has confirmed what INO reported back on March 6, 2019 – Queensland-based trustee Peter Dinoris is potentially facing the chop. Without fanfare the Australian Financial Security Authority (AFSA) has attached a notice on its register of trustees advising that the Inspector General in Bankruptcy had issued Dinoris with a show cause notice and received no response. Accordingly, the…

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To trust creditors, or to all – that is the question

In all the excitement surrounding the Kilarnee and Amerind cases, similar questions about rights of indemnity and exoneration as they apply to trustees have been somewhat overlooked in the bankruptcy context, but the issues have been ventilated, most recently in Lane (Trustee), in the matter of Lee (Bankrupt) v Commissioner of Taxation (No 3) [2018] FCA 1572 (19 October 2018). This one involves a preference paid…