Proof of debt

Goldilocks and three bears analogy in debt proof tussle

SV Partners Perth Director Malcolm Field. One creditor wanted his proof of debt admitted in full. The liquidator admitted it in part. The rival creditor wanted it rejected completely. What judge wouldn’t invoke the Goldilocks premise? In this case the judicial eminence so moved was the Supreme Court of West Australia’s Master Craig Sanderson. His honour had been called upon to resolve a dispute between…

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Proof of debt decisions could cost Victorian a VA

Greyhouse Partners’ Ben Verney. O’Brien Palmer’s Chris Palmer. Victorian practitioner Ben Verney is clinging tenaciously to the administration of Icon Constructions (NSW) Pty Ltd but decisions he made in respect of proofs of debt at the first meeting could see him stripped of the appointment before the year is ended. Lawyers for Owners Corporations (OCs), developers and unit owners claiming for building defects – this…