Former massage parlour owner Colin Kenneth Elvin has lost a case at the ACT Supreme Court against his administrator, solicitor, and an insolvency practitioner.
The business owner failed in his assertions that he was misled or that the administrators were negligent, and that the advice he received from the solicitor and administrators was self-interested and was part of a conspiracy to charge professional fees for themselves by putting his company under voluntary administration (VA).
Elvin was the sole director, secretary, shareholder, and owner of Foot and Thai Massage. The company faced two unfair dismissal claims, was subject to outstanding Australian Taxation Office tax debt, was historically behind in paying quarterly tax…