Trustees

Missing monies’ Labor links makes waves for AFSA

Former bankruptcy trustee Paul Leroy. iNO hears that after Sydney bankruptcy trustee Paul Leroy departed our shores last year – allegedly taking money that wasn’t his – it was more than expectant creditors whose world’s were rocked. Our sources advise that anchors are dragging and the needle is all round the compass in the offices of the Australian Financial Security Authority (AFSA) thanks to the…

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Trustee’s threat to debtor no abuse of process

Oracle Insolvency Services’s Nick Cooper. It seems there’s nothing like putting the frighteners on a recalcitrant debtor to ensure compliance with an existing repayment agreement and pleasingly, the Federal Circuit Court endorses such intimidation when the motives are pure and in line with the Act. “While, of course, from time to time, remarks have been made by Courts exercising jurisdiction under the Act about the…