If there is little money in the winding up, the liquidator will have to cut corners he might not otherwise cut
Insolvency practitioners have the choice to take on a liquidation or a bankruptcy and therefore must accept that there will be occasions when they will be unremunerated for necessary work. It goes with the job. The question is to what degree. What work, if any, has to be done to prepare and lodge a section […]
The Culleton bankruptcy – part 2
In my earlier commentary, I reported that Mr Rodney Norman Culleton had been made bankrupt by the Federal Court on 23 December 2016: Balwyn Nominees v Culleton [2016] FCA 1578. Mr Culleton has now appealed from that decision, filing a notice of appeal on 11 January 2017, and he has obtained an extension of the […]
