The directors of failed $122.5 million Lion Property Group, Garry Pesochinsky and John Sader, have both been declared personally bankrupt.
Filings with the bankruptcy register show shows Garry Pesochinsky, 48, was registered as a bankrupt on 27 April; and John Sader, 46, was declared bankrupt on 10 March.
The filings with the National Personal Insolvency Index show Andrew Yeo, a partner of Pitcher Partners, has been appointed “registered trustee in bankruptcy” to Mr Sader.
“This individual is an undischarged bankrupt,” the filing states.
The government register does not state who instigated the bankruptcy proceedings against Mr Sader and Mr Pesochinsky.
The revelations come amid mounting public anger…