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Bankruptcy Lawyers News

Death Crash Drag Racer Files For Bankruptcy Protection

Sunday September 16, 2007
AUSTRALIAN drag racer Troy Critchley has filed for bankruptcy protection, following a high-speed crash that killed six people. He claims a dozen lawsuits from the victims' families, totalling about $US100 million ($120 million), are pending.

Big Banks Hound Aussie Battler

Friday August 31, 2007
AN INVESTMENT bank feeding frenzy for the assets of the collapsing Basis Capital hedge fund, owing more than $US100 million ($122.5 million), was exposed yesterday as the fund applied for bankruptcy protection in three countries.

Peace Breaks Out Among The Lawyers

Monday August 6, 2007
Michael Evans brings peace to Tom and Jerry and Bugs Bunny and Elmer Fudd every day.

Tax Cheat Wheatley Tries To Avoid Jail

Saturday July 7, 2007
LAWYERS for the music manager Glenn Wheatley asked a judge yesterday to spare the show business personality,who has admitted dodging more than $340,000 in tax, from a jail term.

Trustees In Court Action Over Rivkin's Asset Transfer To Family

Friday June 15, 2007
THE transfer of assets from the late Rene Rivkin to his ex-wife, Gayle, and their five children is under investigation by a bankruptcy trustee, whose lawyers began court examinations into his affairs yesterday.

That's It For Yukos, Assets To Be Sold

Thursday August 3, 2006
ONE judge slumped on her arm throughout a hearing in the multibillion-dollar business dispute, droopy eyes closing at times as lawyers spoke on and on and an airconditioner hummed.

Cooper's Freefall Ends In Debt

Wednesday March 29, 2006
STRIPPED of his corporate empire, convicted of bribery and jailed, the once ebullient businessman Brad Cooper has suffered the ultimate disgrace of bankruptcy.

Flash Cars, Flat Broke: Tale Of Two Coopers

Wednesday March 29, 2006
STRIPPED of his corporate empire, convicted of bribery and jailed, the once ebullient businessman Brad Cooper has suffered the ultimate disgrace of bankruptcy.

Workcover Deficit On The Way Down

Thursday March 24, 2005
The NSW Government's confrontation with lawyers and unions four years ago over reforming WorkCover appears to be paying off, with another sharp fall in the scheme's deficit.

Jacko's $379m Debt Crisis Key To Bizarre Plot, Trial Told

Sunday March 13, 2005
MICHAEL Jackson is "on the precipice of bankruptcy" and could be as much as $US300 million ($379 million) in debt, prosecutors in his child abuse trial have claimed.

Beyond The Law

Wednesday March 2, 2005
More rules governing our daily lives mean greater and more varied job opportunities for lawyers. When Rob Stokes decided to study law after finishing school, his ambition was to become a suburban solicitor. "I thought it was a really good role in the community," says Stokes, now 31. "But I tried being a high street solicitor for a little while and the problem is there's just so much law these days that, really, it's almost dangerous to put up your shingle. There's so much information that you ...

Dumped Nrma Boss Faces Bankruptcy Claim

Friday January 28, 2005
The deposed president of the NRMA, Ross Turnbull, blames "avarice and ambition" on the part of fellow directors as the reason for his demise.

Elliott Owes At Least $6 Million

Tuesday December 14, 2004
The former Liberal Party president may avoid bankruptcy by offering part-payment of his debts.

Elliott Faces Bankruptcy Today

Monday December 13, 2004
John Elliott, once one of Australia's most powerful businessmen, football powerbroker and president of the Liberal Party, is likely to be declared bankrupt today.

The Final Blow: Elliott Faces Bankruptcy, Owing Millions

Monday December 13, 2004
Fourteen years ago he was said to be worth $80 million. Today John Elliott may pay the ultimate price for failing to pay creditors.

Bankruptcy Changes To Help Debtors

Saturday December 11, 2004
Amendments to the Bankruptcy Act will provide creditors with alternative ways to recover debts.

Us Blocks Bid To Deny Asbestos Claims

Sunday December 5, 2004
AUSTRALIAN asbestos victims have praised US moves to stop a major company avoiding asbestos liability claims by declaring bankruptcy.

Bankruptcy Takes Shine Off Ebay's Online Jewellery Store

Tuesday November 30, 2004
NEARLY 500 online shoppers have lost about $135,000 following the bankruptcy of an eBay Australia online jewellery store. It has prompted a Victorian Department of Justice investigation and could cost the Australian arm of the world's biggest online auction site thousands of dollars in compensation.

High-flyer Can't Pay His Lawyers

Thursday November 11, 2004
He was once the doyen of the white-shoe brigade, a property entrepreneur who boasted an empire of 279 companies with a billion dollars worth of business on the books. At the height of his hubris in 1989, Malcolm Leslie Edwards, the chain-smoking son of a scrap metal merchant, was ranked as Australia's 101st wealthiest man, with a "minimum net worth" of $38 million.

Elliott Holds Bankruptcy Threat At Bay

Tuesday November 9, 2004
BUSINESSMAN John Elliott is in talks with the administrator of rice miller Water Wheel Holdings in a bid to settle a court-ordered claim for $1.43 million as other creditors, including the Victorian Director of Public Prosecutions, close in.