Inspector General in Bankruptcy Tim Beresford. Tim Beresford’s loathing of overtly ungenerous personal insolvency agreements (PIA) has become common knowledge in the last two years, courtesy of two episodes of Trumpian-scale intervention. The first came in 2024 when in an unprecedented move the Inspector-General in Bankruptcy (IGB) and AFSA CEO applied in the Federal Court to have the PIA of Brisbane lawyer Beau Hartnett set…
Hall Chadwick’s Brent Kijurina. For those who secrete – in a strictly Pavlovian manner – whenever an Anshun point’s dissected, do we have the judgment for you. The decision in Vines (Trustee), in the matter of the Bankrupt Estate of Mitchell v The Edge TC Pty Ltd (No 5) [2026] FCA 4 highlights the limitations applying to receivers appointed in an interim capacity and the…
Mackay Goodwin director Gavin King. Before departing the jurisdiction in late 2023 with millions of stolen creditor funds fugitive ex-trustee Paul Leroy was briefly employed by Domenic Calabretta’s mid-tier Mackay Goodwin. Leroy wasn’t there long and didn’t much attend Mackay Goodwin’s Bridge Street HQ. Time was short and there was much to be done. Money transferred offshore, excuses proffered for not providing Mackay Goodwin staff…
Merchants Advisory founder Louisa Sijabat. A bankrupt’s bid to force an annulment has demonstrated the pointless circularity accompanying disputes where a debtor’s debts have been discharged but the trustee refuses to facilitate annulment without a deed of release and indemnity being agreed, which the debtor agrees to provide once their bankruptcy is annulled. “I have recovered sufficient funds to likely annul this bankruptcy and pay…
Pitcher Partners’ Andrew Yeo. iNO’s colleagues in the mainstream press were all over the details of the first report of the bankrupt estate of Jon Adgemis after it was circulated to creditors by the failed hospitality tycoon’s trustee Andrew Yeo yesterday. “I am not presently aware of the circumstances as to Mr Gazal being substituted by the DCT as the petitioning creditor. I have written…
SV Partners’ Fabian Micheletto. Image: SV Partners. Former bankruptcy trustee Paul Leroy. Fugitive ex-bankruptcy trustee Paul Leroy would’ve been conspicuous by his presence if he’d appeared this week in response to an application brought by the trustees of the bankrupt estate of Kathryn Jackson, an estate Leroy gleefully plundered before fleeing the jurisdiction in late 2023. SV Parters Fabian Micheletto and Michael Carrafa applied to…
iNO OPINION Inspector General in Bankruptcy Tim Beresford. When AFSA CEO and Inspector General in Bankruptcy (IGB) Tim Beresford showered the personal insolvency profession with fire and brimstone earlier this year at the Association of Independent Insolvency Practitioners‘ (AIIP) conference in Canberra, he wasn’t kidding. In an impassioned harangue replete with warnings about trustee standards Beresford left nobody in the room in doubt that licking…
Merchants Advisory founder Louisa Sijabat. One of the duties of a trustee is ensuring effective communication with stakeholders and iNO has not seen a more effective means of inviting questions about whether that duty’s been fulfilled than by muzzling a bankrupt with an AVO. During a hearing in the Federal Court yesterday it came to light that the trustee in question, Louisa Sijabat of Merchants…
Former bankruptcy trustee Paul Leroy. SV Partners’ Fabian Micheletto. It’s been almost two years since fugitive former bankruptcy trustee Paul Leroy fled the jurisdiction, having first transferred millions offshore that should have been distributed to the Health Services Union (HSU) in its capacity as the largest creditor of the two bankrupt estates of former HSU national secretary Katherine Jackson. Leroy has never returned to Australia…
Pitcher Partners’ Andrew Yeo. Beleaguered deal maker Jon Adgemis‘ fall is so complete he can’t even bankrupt himself. This morning the Federal Court ordered that the debtor’s petition Adgemis filed with the Official Receiver in a blaze of righteous publicity yesterday be rejected. On Thursday Adgemis told the world he was prepared to take responsibility for the $1.8 billion failure of his Public Hospitality Group…