October 2015

Bankruptcy professionals in between sessions at a previous Congress

Bankruptcy professionals convening for congress

IT’S that time of year when bankruptcy trustees and those who work with them convene for Traill & Associates‘ annual National Practical Bankruptcy Congress, Workshops (and cocktail party). Organised by Rosie Traill, whose sister Kate was recently appointed to the bench as a Judge of the District Court, the two-day get-together of body snatchers focuses on practical issues facing trustees and their staff and advisors,…


Levi opposes resurrection of company linked to Lazar

SYDNEY Liquidator David Levi is opposing attempts to reregister a company linked to accused fraudster Ian Lazar and his failed Business Australia (BA) Group. In the Supreme Court of NSW yesterday, lawyer Nick Dale for Levi asked that his client be joined to proceedings seeking to reregister Terra Cresta Business Solutions (TCBS). Dale told the court his client opposed the company’s reinstatement and denies the various allegations, which…


Honolulu, Hawaii could be the location for a new kind of insolvency conference in 2016.

Hawaii – attend a conference, obtain a tan

IT’s early days but Sydney lawyer Paul Fordyce is planning to launch a restructured insolvency conference format that he thinks could blow rival events out of the water. The fact that he intends staging his conference in Hawaii won’t detract from its allure. Over a coffee this week Fordyce explained how the three-day event would canvass topics in a way radically different to the usual…


Labor Senator Doug Cameron

Tidbits from the transcripts – Cameron slams liquidators at construction inquiry

IT is SiN’s opinion that the term ‘farcical’ might just creep into the general discourse around a senate inquiry when much of a session is dominated by the inquiry’s architect busting attendee’s testicles. The session in question took place when the Senate Economics References Committee’s Inquiry into Insolvency in the Construction Industry rolled into Sydney. Leftwing Senator and unionist Doug Cameron, who is driving the…


Helm Advisory founder Stephen Hathway with senior manager Adam Preiner

Ousted Hathway launches new firm

STEPHEN Hathway hasn’t wasted time. Little more than a month after being ejected from the SV Partners’ Sydney practice he co-founded, Hathway is up and running with a new outfit he’s dubbed Helm Advisory. ASIC records show Helm Advisory Pty Ltd was registered on August 31 and SiN dropped into the new offices at 32 Martin Place yesterday to meet the team. The core is…


Fees continue to flow for Octaviar's appointees and advisors

Fees continue to flow for Octaviar’s appointees and advisors

THE latest accounts for Octaviar Administration (OA) show that Bill Fletcher and Kate Barnett earned almost $370,000.00 in fees in the past six months, taking total remuneration since they were appointed to $23.125 million. The Bentleys’ pair were installed as liquidators of OA and Octaviar Limited (OL) in September 2009 after the Public Trustee of Queensland, acting on behalf of creditors, removed Deloitte’s John Greig and…


ATO wind-ups near record in September

ATO wind-ups near record in September

THE tax person’s new-found enthusiasm for pursuing inveterate non-payers continues to impress. Figures obtained from Insolvency Notices reveal that the Australian Taxation Office (ATO) initiated 568 wind-up applications during September, strengthening expectations that this year’s sharp lift in legal action to force companies to liquidate or comply, will endure. September’s number was second only to the record 582 wind-ups filed by the ATO in May…