Thomson first trustee to be referred under new rules

Veritas Advisory might find itself in need of a replacement trustee now that the first AFSA disciplinary committee convened under the new Insolvency Practice rules prepares to determine whether incumbent Louise Thomson should incur any penalty. According to the AFSA website, Thomson was referred under Part 2 of Schedule 2 to the Bankruptcy Act (the Act) after the Inspector-General formed the belief that: “Thomson has failed…

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Witness the redemptive power of personal insolvency

Stigma shmigma. Who said bankruptcy permanently stained a person with the irredeemable taint of debtor’s shame? SiN has come across a practitioner whose experience more than validates the redemptive power of personal insolvency. Last week Jirsch Sutherland announced that business director Rebecca Hindson had been appointed manager of the firm’s new Wollongong office. In a press release dated August 16 we learn that Hindson – an Illawarra local –…

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Receiver facing fee and independence challenge

Mackay Goodwin principal Domenic Calabretta may be overseas but that is not impeding the progress of some potential grief around an alleged lack of independence working its way towards him via a hearing in the NSW Supreme Court later this year. The grief is in the form of untested allegations – which may or may not be frivolous and/or vexatious – that the fees charged…

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