Tag: Bankruptcy Act

Bankruptcy BCR Advisory
Bankruptcy

Media Release: VIC (BENSON) – Two years good behaviour bond for offences against the Bankruptcy Act

BCR teamComments Off on Media Release: VIC (BENSON) – Two years good behaviour bond for offences against the Bankruptcy Act

This article was sourced from Australian Financial Security Authority. Ms Alison Jane BENSON of Upper Ferntree Gully, Victoria, was sentenced on 4 May 2017 after pleading guilty to offences of removing part of her property to the value of $20 or more, and signing a declaration contained in her Statement of Affairs that she knew to […]

Bankruptcy BCR Advisory
Bankruptcy

Does a bankrupt beneficiary’s effective control of a discretionary trust transform their interest into property?

BCR teamComments Off on Does a bankrupt beneficiary’s effective control of a discretionary trust transform their interest into property?

This article was sourced from Lexology. Article by Corrs Chambers Westgarth. This week’s TGIF considers Fordyce v Ryan & Anor; Fordyce v Quinn & Anor [2016] QSC 307, where the Court considered whether a beneficiary’s interest in a discretionary trust amounted to ‘property’ for the purposes of the Bankruptcy Act 1966 (Cth). BACKGROUND The case centred around […]

buildings BCR Advisory
Bankruptcy Insolvency

Twelve month good behaviour bond for offence against the Bankruptcy Act

BCR teamComments Off on Twelve month good behaviour bond for offence against the Bankruptcy Act

This media release was sourced from Australian Financial Security Authority. Media release: NSW (ROSENBERG) Mr Gary Steven Rosenberg of St Ives, New South Wales, was sentenced on 21 February 2017 after pleading guilty to an offence of materially contributing to his insolvency by gambling. Mr Rosenberg filed for voluntary bankruptcy in June 2014. Between June […]