Jirsch liquidator departs for rival

Jirsch
Moved to Chan Naylor? Jirsch Sutherland’s Liam Bellamy.

The Melbourne cohort of the Jirsch Sutherland partnership could be in the market for a fresh liquidator after the departure of Liam Bellamy, who we are reliably informed has defected to Chan Naylor.

Bellamy will join John Kukulovski, another ex-member of the Jirsch Melbourne office who according to the Chan Naylor website is the firm’s National Insolvency Partner servicing Melbourne, Brisbane and Sydney.

Bellamy declined to confirm or deny the move when contacted, saying he was not in a position to comment “at this time”.

Kukulovski also indicated that a response to our inquiries would be delayed as opposed to withheld, saying he didn’t want to “make a comment at the moment” and that it wasn’t appropriate for him to “talk about someone whilst they are working elsewhere”.

Spot the denials? INO neither.

For Kukulovski, adding another liquidator to the Chan & Naylor practice would make a big difference.

Until now he’s been the firm’s only partner qualified to to accept insolvency appointments and has been covering multiple states.

And while that is no doubt demanding, he still has time to occasionally network with peers, as evidenced by Kukulovski’s attendance last month at the AIIP Conference dinner at Old Parliament House in Canberra.

INO has heard tell that Bellamy became frustrated with Jirsch’s Shared Services Division.

While we’ve not yet been able to confirm it, it may be that he felt it preyed upon his network.

Hopefully we can get to the bottom of it soon as there could be a lesson there for any and all insolvency firms with an internal business unit set up to utilise partner contacts.

There may well be the need for a genuine risk reward exercise to be applied to such internal divisions. Please take a moment to support INO’s continued chronicling of the insolvency sector.

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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