Liquidators

Lengthy liquidation persists as PwC veteran retires

Recently retired from PwC: Greg Hall. Retired PwC veteran Greg Hall may have had enough after more than 20 years as liquidator of Interchase Corporation, but the need for external administrators persists, with his now former colleagues Phil Carter and Daniel Walley appointed as Hall’s replacements yesterday by order of the Federal Court. During the brief hearing before Justice Jacquie “how sweet it is” Gleeson,…


Pre-insolvency advisor sentenced to 5 years

Pre-insolvency advisor Stephen Mark O’Neill. Image courtesy ABC. Notorious pre-insolvency advisor Stephen Mark O’Neill 54 of Port Melbourne – aka Steve Marks – has been sentenced today to five years gaol after last year pleading guilty to one count of dealing with proceeds of crime. The scheduled imprisonment was originally to take place yesterday but was adjourned for 24 hours yesterday morning so a judge…


Old mates, tax and Texans

Gavin Morton. There’s always potential for things to go a tad awry when your appointor’s an old mate and a tad awry is one way to describe how the liquidation of Screaming Eagle Pty Ltd’s panned out for Gavin Morton. Queensland-based Morton accepted an appointment as liquidator of the company in late 2016 from Screaming Eagle’s then director, Stuart Alan Dreves of Seaforth in Sydney….


At liberty to make misery but so far nothing to show

KordaMentha’s Rahul Goyal. KordaMentha’s Jennifer Nettleton Rahul Goyal and Jennifer Nettleton have been granted liberty to make misery for rival Schon Condon as they ponder whether or not to pursue a special costs order against him. Being the special purpose liquidators (SPLs) of former precious metal refiner ACN 154 520 199 Pty Ltd, the KordaMentha pair recently applied for approval of almost $385,000 in fees…


Brown Baldwin gig attracts Reviewing Liquidator

IRT Advisory’s Andrew Poulter. Reviewing Liquidator Will Colwell KPMG’s Will Colwell has begun to comb through the administration of a Victorian company connected to controversial Victorian accountant Chris Baldwin after being appointed reviewing liquidator of PBDB Services Pty Ltd. Colwell, one of 15 members of ASIC’s Reviewing Liquidators’ panel, commenced scrutiny of the PBDB Services liquidation last month after being approached by ASIC in October…


UPDATE! Insolvency Rankings – 1st half 2019/2020

Ralan Group boost: Grant Thornton’s Said Jahani. FTI Consulting’s Joanne Dunn. iNO had a stumble on Wednesday with some incomplete insolvency statistics but regrouped and today brings you the definitive breakdown for 1st half 2019/2020. Generously provided by Tony Sivaa of Sivaa Consulting, working with BTLawyers, the picture painted is familiar. Worrells is yet again front runner nationally with more than 450 appointments, including 314…


Even critics need liquidators

Hamilton Murphy’s Richard Rohrt. Menzies Advisory’s Michael Caspaney. One of the insolvency profession’s fiercest critics has seen fit to avail himself of the services of – you guessed it – a liquidator. Queensland-based John Goddard owns and operates Subbies United, a website whose raison d’être is to provide information and intelligence about builders and developers who may be nearing insolvency. Subbies United’s online resources are…


SV appointee’s lower fees repel William Buck pair

SV Partners’ Shumit Banerjee There’s nothing like a free plug from a judge and in this instance SV Partners is the beneficiary thanks to the Federal Court’s Jayne Jagot in Frisken, in the matter of Avant Garde Investments Pty Ltd v Cheema [2020] FCA 98. Justice Jagot was ruling on an application by Avant Garde Investments‘ receiver Daniel Frisken, who wanted the company wound up…


Jirsch partner quits Steller VA after vote controversy

Jirsch Sutherland’s Malcolm Howell. Jirsch Sutherland’s Malcolm Howell must be rueing the relaxed attitude that permeates Australia’s holiday season interlude, given if it were not for an overlooked envelope he might still be administrator of ACN 168 479 614 Pty Ltd, formerly known as Steller Developments Pty Ltd. As it is, the Melbourne-based partner has consented to orders made in the NSW Supreme Court last…


Deregistered liquidator takes fight to AAT

Trajan John Kukulovski. Chan & Naylor partner Trajan John Kukulovski is not going to be stripped of his license to liquidate without a fight. After a committee convened under S 40-45 of the Insolvency Practice Schedule (Corporations) ruled late last year that Kukulovski’s registration should be cancelled he immediately sought to have the Committee’s decisions reviewed in the Administrative Appeals Tribunal (AAT). iNO says “decisions”…