Liquidators

Liquidator bankrupted over $5.4 million debt

dVT Group co-founder Riad Tayeh PCI Partners Stephen Michell. dVT Group co-founder Riad Tayeh was yesterday bankrupted by order of the Federal Circuit and Family Court over a $5.4 million debt owed to the creditors of Timbercorp Finance. The 58 year old liquidator from Sydney’s west has spent more than a decade . . . Restricted Content Dear Reader, this story is available only to…

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Liquidator expelled ahead of creditor’s petition

dVT’s Antony Resnick. dVT Group co-founder Riad Tayeh A prominent liquidator facing bankruptcy proceedings has been expelled from the partnership he co-founded two decades ago. According to a judgment of the Federal Court of Australia, the liquidator was notified late last month by his fellow partners that he was liable for expulsion from the partnership as a result of being served a creditor’s petition, which…