Jirsch founder calling it quits on bankruptcy caper

Jirsch Sutherland founder Rod Sutherland looks set to tee off into the sunset.
Rod Sutherland surrendering his registration as trustee in bankruptcy

No longer a liquidator and soon to be no longer a registered trustee: Jirsch Sutherland founder Rod Sutherland.

After more than 30 years in corporate insolvency and bankruptcy, Jirsch Sutherland founder Roderick Mackay Sutherland looks to be calling it quits.

If three decades of accumulated nous aren’t going to buy you an exemption from the obligation to complete 40 hours a year of continuous professional education, then you may as well cash in.

Having already relinquished his liquidator’s registration in early 2016, orders made in the Federal Court this week indicate that Sutherland is be about to surrender his registration as a trustee in bankruptcy too.

On Tuesday, Justice Jane Jagot approved Sutherland’s application to resign as sole trustee of 95 estates in bankruptcy, with all but one of the files going to Jirsch colleagues.

Newcastle partner Stewart Free picked up 24 estates, Melbourne-based partner Malcolm Howell scooped up 51 while Geelong-based Jirsch partner Phil McGibbon pouched 19. The only outsiders to get a sniff where SV Partners’ Jason Porter and Anne Meagher who scored one estate between them.

The judge ordered Sutherland to give notice of her orders to each bankrupt and every creditor within seven days. She also ordered that they be given 30 days in which to file any objection and ordered Sutherland to to pay the costs of his application.

SiN called Sutherland to discuss his post-practitioner plans but was unable to make a connection. According to his somewhat miserly profile – as perhaps befits a Scot – he apparently doesn’t mind swinging a golf club – which also befits a Scot.

To view Justice Jagot’s orders and view the full schedule see: Roderick Mackay Sutherland

About the Author

Peter Gosnell
Sydney Insolvency News illuminates the practice of insolvency in Australia's largest city, highlighting the triumphs and failures of Sydney's registered practitioners and the accounting and legal professionals who work with them. SiN 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.

1 Comment on "Jirsch founder calling it quits on bankruptcy caper"

  1. Sule Arnautovic | 30 June 2017 at 9:21 am | Reply

    Suthos .. What an institution, a mentor and a mate. Well done Suthos on a great career!
    Looking forward to a few rounds of golf when you decide the commute to the Sydney office is not worthwhile!

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