MAX Prentice’s grip on the bankrupt estate of Robert Gilbert Coshott may have loosened a tad this week after Federal Court judge Jayne Jagot on Tuesday overturned the decision of her Circuit Court counterpart Rolf Driver on appeal from the bankrupt’s brother. In May Judge Driver ruled on an application by Ronald Michael Coshott and Fewin Pty Ltd seeking confirmation of their status as creditors in…
IT’S that time of year when bankruptcy trustees and those who work with them convene for Traill & Associates‘ annual National Practical Bankruptcy Congress, Workshops (and cocktail party). Organised by Rosie Traill, whose sister Kate was recently appointed to the bench as a Judge of the District Court, the two-day get-together of body snatchers focuses on practical issues facing trustees and their staff and advisors,…
ARMSTRONG Wily principal Andrew Wily has confirmed he has surrendered his registration as a trustee in bankruptcy, blaming onerous regulation and meagre profits. “It’s been brewing for a while,” Wily told SiN when asked when he decided to give up his ticket. “It’s a process that will go on for months of winding down, that’s all,” he said. The Australian Financial Security Authority (AFSA), which regulates personal insolvency,…
BANKRUPTCY trustee Max Prentice has won possession of a rambling property in Bunyala Road, Bellevue Hill valued at up to $4 million. On Tuesday, Federal Court Judge Robert Buchanan ordered the large residential home vest with Prentice as trustee for sale. The judge gave the bankrupt, Robert Gilbert Coshott, his wife Ljiljana and their sons James and Michael 42 days to clear out. You can…
IT was an unusual little meeting at the offices of the Official Trustee in Bankruptcy last month. There were two private trustees present. A third and fourth attended by proxy. And each was vying to take on the trusteeship of the bankrupt estate of Robert Gilbert Coshott. Coshott is a former solicitor who was struck off the roll in 1997. He was bankrupted in 2008…