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Conduct

Conduct, Creditors, Judgment, Lawyers, Liquidators 17 April 2024

Liquidator averts inquiry with apology

Balance Insolvency principal Tim Cook. In the NSW Supreme Court this week iNO heard tell of a liquidator who on being presented with two options, chose a third which doesn’t exist. It hasn’t turned out well, though as is chronicled below, worse was averted. The practitioner in question is Balance Insolvency’s Tim Cook, and it would be remiss of us to not also mention Mills…

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Conduct, Creditors, Judgment, Litigation, VA's & DoCA's 23 February 2024

BDO pair punted but avoid the worst

BDO partner Shaun McKinnon. It’s not often that the courts agree to set aside a vote of creditors and terminate a deed of company arrangement but Federal Court judge Roger Derrington did just that yesterday, and the deed administrators punted as a result might think themselves lucky. “In this case, the findings that the DOCA was an abuse of Pt 5.3A, that it was unfairly…