Ex-liquidator Andrew Wily (C) exiting the NSW Supreme Court. The problem with retiring to enjoy the fruits of a life’s labours as ex-liquidator Andrew Wily has done is that sometimes you forget about some of the fruit. Back in 1999 Wily was appointed liquidator of a thing called Liquid Vision. “In a sense, Mr Wily has also ceased to exist, at least in his capacity…
Australian Small Business and Family Enterprise Ombudswoman Kate Carnell.Image Supplied. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) will conduct an inquiry into the insolvency system with a view to determining if current practices “achieve the best possible outcome for small and family businesses in financial trouble.” Never mind that small business owners are the largest contributors to Australia’s multi-billion dollar unpaid tax bill,…
Hall Chadwick’s Richard Albarran. Hall Chadwick’s Brent Kijurina An accounting practice principal has insisted that his firm has no referral relationship with Hall Chadwick despite referring multiple appointments to Hall Chadwick’s Sydney practice and engaging the wife of a Hall Chadwick staffer as a bookkeeper. During public examinations in the Federal Court last month Hafez Alameddine, principal of Macquarie Accountants, answered “Privilege. No” when asked…
Subject to a RevLiq: Amos Insolvency’s Peter Amos. Editor’s Note: iNO reported in an earlier version of this story that AAF funds would be recovered via the Industry Funding Levy. ASIC has since advised that this is NOT the case. After reporting last week on the appointment by ASIC of two Reviewing Liquidators (RevLiqs) iNO has learned that one of the unfortunates under review is…
Sivaa Consulting has released its compilation of appointment statistics for Financial year 2018 and 2019 (FY 2018/19) and among the numbers is one figure that stands above all others – of 199 insolvency firms nationally, 17 control almost 50 per cent of all external administration files. Clearly some firms are better at bringing in work than others and the Sivaa stats show not only who…
After several months contemplating her future from the perspective-focussing environs of the Holy Lands, Queensland-based liquidator Ginette Muller has agreed to join Hall Chadwick as a salaried partner. Speaking to iNO yesterday Muller confirmed the move, adding the expected cautionary note about issues yet to be resolved with former firm Jirsch Sutherland in respect of WIP. “I’m luckier than most because I have so few…
Bound for Ankura – Liquidator Quentin Olde. Liquidator Quentin Olde looks to be preparing to establish an Asia Pacific restructuring practice for global professional services firm Ankura after resigning earlier this year as a senior managing director at FTI Consulting. Olde, who is on gardening leave until October 1, confirmed yesterday that he had joined the US headquartered, multi-disciplinary advisory firm but otherwise declined to…
Chifley Advisory’s Gavin Moss When an insolvency practitioner accepts an appointment as voluntary administrator (VA) less than 24 hours before a winding up application is due to be heard, a casual observer might wonder what’s afoot. Yesterday iNO was moved to ponder just such whilst reading In the matter of Edifice Australia Pty Limited [2019] NSWSC 1215. Chifley Advisory’s Gavin Moss is the practitioner concerned…
Bankrupt IP Sam Henderson. The bankrupting of a former insolvency firm partner who’s worked at Jirsch Sutherland and Cor Cordis has triggered a wave of appointments, some of which have subsequently been overturned by the ATO. Samuel Henderson, who left Jirsch Sutherland in 2013 and then spent time at Cor Cordis before going out on his own, was bankrupted on Thursday, August 29, 2019 on…
Shaun McKinnon: Goodbye Grant Thornton, hello BDO. As revealed by iNO last month, Shaun McKinnon has joined BDO after more than seven years at Grant Thornton. Confirming the move this week BDO national head of restructuring Andrew Fielding said McKinnon had joined “as a new advisory partner in the firm’s Brisbane office, specialising in providing Corporate Finance and Restructuring services with a focus on the…