After more than 30 years in corporate insolvency and bankruptcy, Jirsch Sutherland founder Roderick Mackay Sutherland looks to be calling it quits. If three decades of accumulated nous aren’t going to buy you an exemption from the obligation to complete 40 hours a year of continuous professional education, then you may as well cash in. Having already relinquished his liquidator’s registration in early 2016, orders made in the Federal…
In the wake of last week’s arrest of 10 people allegedly involved in the $165 million Plutus Payroll pay-as-you-go (PAYG) scam, at least one of those who may have unwittingly assisted the accused has sought the protection of personal insolvency. Alexander Nappa, 22, of Beverly Hills is alleged by police to be a straw director of PP Aus Holdings. The company was identified as being…
With the protagonists saying either not much or nothing at all, SiN will have to wait a little longer to reveal the entirety of the story as it relates to number 14 Prince Alfred Parade, Pittwater, former home of 1980s Chase AMP asset finance guru Mitchell Walter Mazoudier, a surname longtime AMP watchers would be familiar with given the demutualised insurer’s mammoth fall from grace took…
Barrister and former liquidator Geoff McDonald is leaving bankruptcy, advising creditors in letters obtained by SiN that he is retiring as a trustee. “I propose to issue a notice to the bankrupt, in a standard form which I have used with many other bankrupts, noting the following,” McDonald said in a letter to creditors of a bankrupt whose estate McDonald has transferred to another trustee. “I…
Bentley’s Kate Barnet might feel like she’s in Terminator III – or should that be four – as relentless creditor Monica Low, also known as Low Mooi Kwee – continues her seemingly endless pursuit of compensation from the estate of former bankrupt, Mathew Keralavakayil Mathai. A resident of Vancouver, Low commenced her quest long ago and far away. It was 1993, in the suitably Bleak House-sounding Chancery…
BPS Recovery’s Max Prentice has dodged a major blow in the Federal Court, with a judge yesterday ordering he pay 70 per cent of the costs of a creditor who challenged his handling of a meeting of creditors of former bankrupt and struck off solicitor Robert Coshott but declining to make an order that Prentice be precluded from utilising his right to be indemnified for those costs…
Safe workplaces are all they rage are they not? Sterilised of bullies and abusers, staff can be at their productive best and woe betide anyone who doesn’t take the issue seriously. Shame the application of those values is so selective. Where are the vocal anti-bullying advocates when a bankruptcy trustee is subjected to what Rodgers Reidy director David Hambleton has been enduring? If you haven’t…
Bankruptcy trustee Max Prentice might have more to smile about than usual this Christmas after long time nemesis Fewin Pty Ltd and members of the associated Coshott family abandoned their action against the BPS Recovery partner and against ex-trustee in bankruptcy John Burke in the Federal Court. On Tuesday Fewin Pty Ltd, Ljiljana Coshott, and her husband Robert Gilbert Coshott were granted leave to discontinue proceedings which had been the…
Getting between an ex-wife and a multi-million dollar property in Pyrmont has not turned out well for Veritas Advisory’s Louise Thomson. In a recent judgment of the Federal Court Justice Kathleen Farrell detailed how Thomson, as trustee of the bankrupt estate of Leslie James Young, was certain to be replaced by Jirsch Sutherland’s Stewart Free. What seems to have seriously aggravated Mr Young’s ex-wife and principal…
SiN hereby confesses that the following is a shameless plug for itself and for Traill & Associates‘ annual Bankruptcy Congress, which SiN is delighted to be attending on Monday, November 14 as official media partner. This is the fourth annual Bankruptcy Congress organised by Traill & Associates, though principal Rosie Traill has been organising and running specialist events for the insolvency profession for more than 15 years….