Bankrupt and owing $26 million Sam Henderson. Insolvency practitioners presumably apply an exacting rigour to the management of their own financial affairs so your correspondent’s eyebrows headed for the stratosphere last week when we learned that bankrupt insolvency practitioner Sam Henderson apparently owes his creditors almost $26 million. The outlandish figure – the $26 mil, not Henderson – was contained in the first report to…
Hamilton Murphy’s Stephen Dixon. The old independence bugbear never lets up it seems with AFSA recently gnawing on an apparently conflicted limb attached to registered trustee Stephen Dixon. iNO understands it was the view of the personal insolvency regulator that the Hamilton Murphy partner should not have taken an appointment as trustee of the bankrupt estate of Graeme Charles Diamond, 63 of Guanaba in Queensland,…
Deloitte’s David Mansfield. There’s never a good time to be the bearer of bad tidings and yesterday it was David Mansfield learning from iNO of what seemed ill news. We contacted the Deloitte partner and registered trustee in bankruptcy after obtaining a copy of an application the ANZ Bank filed in the Federal Circuit Court way back in March of this year. The application seeks…
Peter Dinoris: resigned before disciplinary hearing Queensland practitioner Peter Dinoris, who had been due to face a disciplinary committee, has resigned as a trustee in bankruptcy on health grounds according to a statement by the Australian Financial Security Authority (AFSA) this week. “On Monday 17 June 2019, having received evidence concerning the health of Mr Peter Dinoris, the Inspector-General accepted Mr Dinoris’ voluntary resignation as…
JUSTKapital founder Phil Kapp. The saga of former Corrs partner and JUSTKapital co-founder Philip Kapp does not stop with the latest instalment featuring a fight over the proceeds of sale of a holiday house. Kapp has already battled aggressive cancer with a blitzkrieg of experimental and expensive treatments; fallen out with the partners in his litigation funding venture and declared bankruptcy following a relentless pursuit by the…
Pitcher Partners’ Paul Weston. Pitcher Partners partner Paul Weston has gained some useful intel in regards to disclosure and examination summonses for those playing their trade in the personal insolvency space, though not without cost. This week the Federal Court agreed with a former bankrupt and his wife that examination summonses requiring them to attend the court for questioning should be set aside on the…
Artemis Insolvency’s Peter Dinoris. Queensland liquidator and trustee in bankruptcy Peter Dinoris could be preparing to exit the formal end of the insolvency game after the IP transferred dozens of files to a rival. The Supreme Court of Queensland this week made orders transferring 44 of Dinoris’s court liquidations (CLs) and creditors voluntary liquidations (CVLs) to Jonathan McLeod and Bill Karageozis of McLeod Partners. INO…
Artemis Insolvency’s Peter Dinoris. The bankruptcy regulator has confirmed what INO reported back on March 6, 2019 – Queensland-based trustee Peter Dinoris is potentially facing the chop. Without fanfare the Australian Financial Security Authority (AFSA) has attached a notice on its register of trustees advising that the Inspector General in Bankruptcy had issued Dinoris with a show cause notice and received no response. Accordingly, the…
SV Partners’ Michael Carrafa. Image: SV Partners. An application by SV Partners’ Michael Carrafa for vacant possession 13 years after sequestration has been knocked back in the Federal Court. The unusual circumstances are outlined in Carrafa v Chaplin, in the matter of the bankrupt estate of Michael Chaplin [2019] FCA 415. What bankruptcy practitioners – and their lawyers – can takeaway from this one is…
Artemis Insolvency’s Peter Dinoris. Last week INO reported that certain sunburned sources north of the Tweed were insisting Artemis Insolvency’s Peter Dinoris was getting out of the game. While the man himself is reportedly on leave and yet to respond to INO’s inquires, we did confirm yesterday that Dinoris recently offloaded almost a third of his bankruptcy files to McLeod Partners‘ partner, Bill Karageozis. Principal…