Bankruptcy

Textbook recalcitrance on display for aspiring trustees

PKF partner Petr Vrsecky. Bankruptcy trustees and those aspiring to be such take heed. What follows is a cautionary tale about a trustee impelled by statutory obligation and the bankrupt who resisted, or at least appeared to. The practitioner in question is PKF’s Petr Vrsecky. His nemesis is Ms Beiji Xu, who was bankrupted in November 2022 after failing to pay the lawyers who’d represented…

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Trustee cops costs order after injunction denied

Oracle Advisory founder Nick Cooper. No trustee likes to have their hand forced but when the consequences of a coerced injunction application include an adverse costs order well, we bet nobody tells aspiring trustees there’ll be days like these, as the late John Lennon lamented. “I am not satisfied, however, that the Trustee proposes to enter into a contract of sale if an injunction is…