Bankruptcy

Arrest Warrants Voided As Accountants Appear

APPARENTLY they never knew. About the summonses to attend for public examinations, about the orders to produce documents or about the warrants for their arrest, issued after the summonses expired uncomplied with. Accountants Bill Gertos, Constantine Savell and Therese Alha. No idea. The Federal Court heard as much last Friday in room 19c around 3.00pm. Registrar Chaun Ng warned the three that they must appear…


Arrest warrants issued for Lavin’s accountants

THE wash up from day one of public examinations into the bankrupt estate of artistic agent Dolores Lavin culminated in the issue of arrest warrants for her accountants and an application by Lavin to be excused from her examination on undisclosed medical grounds. Late on Monday afternoon Federal Court Registrar Chuan Ng issued warrants for the arrest of Bill Gertos, Con Savell and Therese Alha. Barrister Geoff McDonald,…


Coshott win could be curtains for Prentice

MAX Prentice’s grip on the bankrupt estate of Robert Gilbert Coshott may have loosened a tad this week after Federal Court judge Jayne Jagot on Tuesday overturned the decision of her Circuit Court counterpart Rolf Driver on appeal from the bankrupt’s brother. In May Judge Driver ruled on an application by Ronald Michael Coshott and Fewin Pty Ltd seeking confirmation of their status as creditors in…


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,…


George Constantinidis house repossession

Constantinidis repo coughs up curious connection

IT’S remarkable what emerges from a property visited in the process of being repossessed. SiN attended a single story house on Woodford Road, Rockdale recently which had been owned by George Constantinidis, an undischarged bankrupt and a relative of Achilles “Big Al” Constantinidis, who long ago partnered with Paul Keating in a piggery. George Constantinidis has been opposing attempts by BPS Recovery’s Max Prentice to secure…


Andrew Wily retired form bankruptcy

Andrew Wily relinquishes bankruptcy ticket

ARMSTRONG Wily principal Andrew Wily has confirmed he has surrendered his registration as a trustee in bankruptcy, blaming onerous regulation and meagre profits. “It’s been brewing for a while,” Wily told SiN when asked when he decided to give up his ticket. “It’s a process that will go on for months of winding down, that’s all,” he said. The Australian Financial Security Authority (AFSA), which regulates personal insolvency,…


The Bunyala Road property of bankrupt Robert Coshott to be repossessed by Max Prentice.

Prentice wins possession after Coshott claims dismissed

BANKRUPTCY trustee Max Prentice has won possession of a rambling property in Bunyala Road, Bellevue Hill valued at up to $4 million. On Tuesday, Federal Court Judge Robert Buchanan ordered the large residential home vest with Prentice as trustee for sale. The judge gave the bankrupt, Robert Gilbert Coshott, his wife Ljiljana and their sons James and Michael 42 days to clear out. You can…


Burke passes Coshott baton to Prentice

IT was an unusual little meeting at the offices of the Official Trustee in Bankruptcy last month. There were two private trustees present. A third and fourth attended by proxy. And each was vying to take on the trusteeship of the bankrupt estate of Robert Gilbert Coshott. Coshott is a former solicitor who was struck off the roll in 1997. He was bankrupted in 2008…