Thinkstock
The liquidator of failed ad agency McCorkell & Associates is seeking permission from creditors to be paid for his work so he can continue his investigation into the shifting of assets.
Michael Hogan of Hogan Sprowles is pursuing Scott McCorkell, the founder of the North Sydney agency, in what he has told the Federal Court appears to have the hallmarks of a “phoenix” transaction.
Phoenixing is where assets are moved to a new company leaving behind debts and liabilities in the old business.
The agency went into liquidation the week before Christmas 2022, putting 18 out of work without pay, redundancy or superannuation payments, and leaving a long list of trade creditors.
The Federal Court has issued a…
