Deed Administrators

Jirsch boss in creditor’s sights over DoCA

Bradd Morelli probably wasn’t surprised when served with proceedings aimed at setting aside the LM Futures Pty Ltd Deed of Company Arrangement (DoCA). The Jirsch Sutherland managing partner had rammed through the DoCA resolution with his casting vote at the virtual second meeting of creditors last year, and those opposed have not forgotten. Accusations had after all dominated the July 9 second meeting. Accusations regarding…

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Estimate or Assessment key to proof of debt dispute

Jones Partners principal Bruce Gleeson. Jones Partners Daniel Soire.Was a proof of debt a formal notice of payroll tax assessment, with all the force such a determination issued by a statutory authority carries, or was it a mere estimate, which for the purposes of a DoCA vote could be deemed contingent?This is one of the key questions Federal Court judge Brigitte Markovic will have to…