Cor Cordis Melbourne partner Daniel Juratowitch has come in for some stick from Federal Circuit Court judge Heather Riley but given the lack of engagement by the bankrupt over an extended period, it’s hard not to sympathise. Juratowitch was appointed trustee of the bankrupt’s estate on December 13, 2016. On April 27, 2018 she applied to have the order sequestering her estate set aside. The…
Amid near-zero nightly temperatures and the final parliamentary sitting week before the winter break the inaugural conference of the Association of Independent Insolvency Practitioners (AIIP) commenced yesterday and the mood for change was palpable. Change it seems, is what’s needed, and in the art deco halls of the Hyatt Hotel in Canberra, cases for radical change were put forward. During a Future of Insolvency panel…
It may well come down to differing definitions of what constitutes a partner but however a firm structures itself, almost a third of PPB Advisory (PPBA) partners will no longer enjoy the cache the term confers once their company is formally absorbed into the professional services collectivate of PwC on August 1, 2018. Sources revealed yesterday that while 30 of PPBA’s 33 partners will be moving to PwC,…
Nick Cooper is apparently on the verge of extracting himself from an unfortunate stoush with a former bankrupt who launched proceedings against the Worrells’ partner in the South Australian District Court. Cooper told INO yesterday that the matter was the subject of a confidential settlement in the final stages of being agreed to but that it involved an ATO debt and a caveat he’d lodged over property…
Veritas Advisory trustee in bankruptcy Louise Thomson has been vindicated by the first disciplinary committee convened under Schedule 2, section 40-45 of the Bankruptcy Act, 1966. In a Decision Committee Report the Committee decided that: i. the Trustee should continue to be registered. 11. suspension, or restriction on the Trustee’s appointments is not appropriate. Iii. public admonishment or reprimand is not appropriate. Iv. a condition…
Paul Leroy may be retiring from the Hall Chadwick partnership and the firm after 28 years but if his final day has yet to come it’s unlikely to be a sentimental affair if orders made recently in the NSW Supreme Court are any guide. As it turns out, Leroy is locked in a partnership dispute with his colleagues at 2 Park Street which is of sufficient…
Veritas Advisory might find itself in need of a replacement trustee now that the first AFSA disciplinary committee convened under the new Insolvency Practice rules prepares to determine whether incumbent Louise Thomson should incur any penalty. According to the AFSA website, Thomson was referred under Part 2 of Schedule 2 to the Bankruptcy Act (the Act) after the Inspector-General formed the belief that: “Thomson has failed…
The year is done, Christmas is come and for SiN it is time to replenish the reservoir of curiosity ahead of what promises to be a fascinating 2018. From next year the Insolvency Law Reform Act (ILRA) will be in full swing. Insolvency practitioners will face a world where creditors will have expanded powers. Appointees will need to get used to being replaced. Courts too…
Jirsch Sutherland’s Malcolm Howell and Farnsworth Shepard’s Adam Shepard politely locked horns at a meeting of creditors last week in a tussle over the usual things – they being the admittance of proof of debts and the trustee Shepard had nominated to replace Howell – as well as the less usual – that being the right to an audio recording of the meeting. The bankrupt in…
Motor neurone disease is a crushing illness and in the case of registered liquidator and trustee David Shannon, the insidious disease has singled out a victim whose popularity among his insolvency peers cannot it seems be doubted. One of his close friends described him as an outstanding mentor and teacher with an arid sense of humour; a lawyer told SiN he was one of the…