Until earlier this year, he had been living in the “Bang and Olufsen” mansion in Point Piper, paying up to $20,000 a week in rent.
More recently, Adgemis was living in a Bondi apartment owned by fund manager Will Vicars. A Rose Bay property, purchased with his mother Rose for $4.45 million in 2018, was repossessed.
Adgemis had been exploring a personal insolvency agreement, an arrangement that would have warded off bankruptcy and paid a small amount back to some creditors.
In late August, the Inspector-General in bankruptcy intervened, voicing concerns that the trustees running the process had not adequately investigated Adgemis’ assets or provided enough detail to creditors.
The Inspector-General had not found any breaches but issued…