Credit: Markus Winkler via Unsplash https://unsplash.com/@markuswinkler
Scott McCorkell, the founder of the failed North Sydney advertising agency that bears his name, and his advisors face fresh legal action in the Federal Court.
The current liquidator of McCorkell and Associates, Michael Hogan, is taking action against McCorkell and those who advised him in a process described in previous court hearings as phoenixing.
Phoenixing is where assets are moved to a new company leaving behind debts and liabilities in the old business.
McCorkell, and accountant Andrew Fraser of BDJ Partners and business valuer Andrew Whittingham of Groves & Partners, face allegations that they broke a long list of sections of the…
