Louise Thomson: first trustee to be referred to disciplinary committee twice. Image Veritas Advisory. With apologies to Oscar Wilde, iNO was recently moved to observe that while being referred to a disciplinary committee once might be considered a misfortune, twice looks like carelessness. Certainly it will be unfortunate if it transpires that misfortune is behind AFSA’s most recent referral of Louise Thomson to a committee…
Trustee Tim Holden. Victorian-based bankruptcy trustee Tim Holden has had some salt rubbed into wounds inflicted earlier this year but also dodged a bullet, with a judge rejecting his opposition to the making of declarations in respect of judgments handed down earlier this year but declining to refer him for investigation to the Inspector-General in Bankruptcy. The insertion of the salt came via Pekar v…
Bentleys’ Tracey Knight. Liquidator Jim Downey Craig Walton, a key figure in one of the most controversial corporate restructures of recent times, has declared bankruptcy a week before the commencement of a trial brought by liquidators chasing the 63 year old for a $1.65 million debt. A search of the National Personal Insolvency Index reveals Craig Hall Walton, unemployed of East Melbourne, declared himself bankrupt…
Jones Partners’ Michael Jones. Last Friday a Coffs Harbour resident who had yet to file his statement of affairs despite being bankrupted two years earlier was surprised to find police and officers from AFSA knocking on his door around 7:00am. Once admitted the AFSA officers seized various items pursuant to the powers provided to the Official Receiver under section 77AA of the Bankruptcy Act. Also…
Bankrupt IP Sam Henderson. It probably goes without saying that when a once successful insolvency practitioner is bankrupted and companies he’s been associated with collapse, then the subsequent insolvency appointees might uncover issues of interest. In the case of the recently bankrupted Sam Henderson – who sources insist held a partner-equating status when he was at Jirsch Sutherland – liquidators John McInerney and Phil Campbell-Wilson…
Bankrupt and owing $26 million Sam Henderson. Insolvency practitioners presumably apply an exacting rigour to the management of their own financial affairs so your correspondent’s eyebrows headed for the stratosphere last week when we learned that bankrupt insolvency practitioner Sam Henderson apparently owes his creditors almost $26 million. The outlandish figure – the $26 mil, not Henderson – was contained in the first report to…
Hamilton Murphy’s Stephen Dixon. The old independence bugbear never lets up it seems with AFSA recently gnawing on an apparently conflicted limb attached to registered trustee Stephen Dixon. iNO understands it was the view of the personal insolvency regulator that the Hamilton Murphy partner should not have taken an appointment as trustee of the bankrupt estate of Graeme Charles Diamond, 63 of Guanaba in Queensland,…
Bankrupt IP Sam Henderson. The bankrupting of a former insolvency firm partner who’s worked at Jirsch Sutherland and Cor Cordis has triggered a wave of appointments, some of which have subsequently been overturned by the ATO. Samuel Henderson, who left Jirsch Sutherland in 2013 and then spent time at Cor Cordis before going out on his own, was bankrupted on Thursday, August 29, 2019 on…
Deloitte’s David Mansfield. There’s never a good time to be the bearer of bad tidings and yesterday it was David Mansfield learning from iNO of what seemed ill news. We contacted the Deloitte partner and registered trustee in bankruptcy after obtaining a copy of an application the ANZ Bank filed in the Federal Circuit Court way back in March of this year. The application seeks…
Peter Dinoris: resigned before disciplinary hearing Queensland practitioner Peter Dinoris, who had been due to face a disciplinary committee, has resigned as a trustee in bankruptcy on health grounds according to a statement by the Australian Financial Security Authority (AFSA) this week. “On Monday 17 June 2019, having received evidence concerning the health of Mr Peter Dinoris, the Inspector-General accepted Mr Dinoris’ voluntary resignation as…