Pre-packs proposal

Moves afoot to propel pre-packs onto political agenda

Pre-positioned sales or pre-packs might trigger an involuntary cringe reflex in politicians and regulators hyper-sensitised to the risk of illegal phoenix activity but that isn’t stopping insolvency law guru Richard Fisher AM or liquidator Nick Crouch, who are combining forces to put the concept on the political agenda. Presenting at a meeting of the Association of Independent Insolvency Practitioners (AIIP) yesterday, Fisher and Crouch explained…

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McGrathNicol hits the eject button from South Australia

McGrathNicol exiting South Australia

Maybe it says something about Jay Weatherill’s Government in South Australia that even the insolvency operators are struggling. The latest victim of Comrade Jay’s new age Leninism appears to be McGrathNicol, which well placed sources advise will close its doors on Level 26, 91 King William Street in the city of churches before the lease there expires on June 30. Of course blaming the South…