This was published 3 months ago
An embattled logistics heir has declared himself bankrupt after failing to pay $16.25 million to Westpac Bank, while a conga line of creditors pursue his former freight company that collapsed last year with debts of $116 million.
Melbourne businessman Gregory O’Shea claims to have no property or investment interests, does not own a car and has just $2 in cash, according to bankruptcy documents filed last month with the Australian Financial Security Authority (AFSA).