Judgment

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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Compromise refused equals indemnity costs imposed

Chris Baskerville of Jirsch Sutherland. The Federal Court made orders yesterday highlighting the unpalatable realities facing liquidators who choose to reject offers of compromise. In this tale Jirsch Sutherland Queensland head Chris Baskerville, in his capacity as liquidator of Dig It Landscapes Pty Ltd (Dig It), chose to reject an offer of compromise made by Bupa Aged Care Australia Pty Ltd on December 17, 2020….