Insolvency Guardian: asset freezing action dropped

Orders freezing Carlei's assets have lapsed

Orders freezing Phil Carlei’s assets have lapsed

ORDERS freezing the assets of the former director of Insolvency Guardian Melbourne have been dismissed.

In the Federal Court last week Justice James Edelman ordered that the proceedings brought against Phil Carlei by Insolvency Guardian principal Jarrod Siorecki be dismissed by consent. There were no orders as to costs. Neither Carlei or Siorecki responded to requests for comment.

The orders bring to an end an action that began on February 8 this year when Siorecki made an urgent, ex-parte application before Justice Edelman.

The following day the judge ordered that assets to the value of $400,000 controlled by Carlei be frozen. Carlei is believed to have been overseas at the time. If the parties have since reached a settlement, you can bet it’s confidential.


About the Author

Peter Gosnell
Insolvency News Online illuminates the practice of insolvency Australia-wide, highlighting the triumphs and travails of the nation’s registered practitioners and the accounting and legal professionals who work with them. INO is produced by Peter Gosnell, former business editor and senior business reporter at The Daily Telegraph newspaper. During a decade-long career, your correspondent reported on such notable corporate collapses as HIH, One.Tel, Westpoint and Fincorp as well as some of the nation's highest profile bankruptcies and the investigations and prosecutions arising from Australia's most notorious instances of white-collar crime.

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