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NSW man bankrupted over claimed $10m debt – Bega District News

An Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission that the judge could not be satisfied that the debt was still owing. But Justice Jacqueline Gleeson on Thursday made the order and ruled that the Commonwealth’s legal costs of $19,739 be paid from the estate of Mr Endresz. In its March application, the Commonwealth said Mr Endresz owed it $11,588,824. This was said to be the balance of a debt order of $18,633,178 made in the ACT Supreme Court in 2014 less $7,044,35…

Read the full article at: https://www.begadistrictnews.com.au/story/6898672/nsw-man-bankrupted-over-claimed-10m-debt/

Category: BankruptcyBy Insolvency GuardianSeptember 21, 2020

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NSW man bankrupted over claimed $10m debt – Bega District News

An Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission that the judge could not be satisfied that the debt was still owing. But Justice Jacqueline Gleeson on Thursday made the order and ruled that the Commonwealth’s legal costs of $19,739 be paid from the estate of Mr Endresz. In its March application, the Commonwealth said Mr Endresz owed it $11,588,824. This was said to be the balance of a debt order of $18,633,178 made in the ACT Supreme Court in 2014 less $7,044,35…

Read the full article at: https://www.begadistrictnews.com.au/story/6898672/nsw-man-bankrupted-over-claimed-10m-debt/?cs=7

Category: BankruptcyBy Insolvency GuardianAugust 27, 2020

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Letter: Would rather see solar farm than farmer go bankrupt – Shaw Local
October 18, 2026
Samson Developer And Publisher Liquid Swords Goes Bankrupt
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Court Clears Way for Insolvency Case Against Standard Group – The Kenyan Wall Street
October 17, 2026
Full list: Companies entering liquidation or administration across Australia on October 17 – The Courier Mail
October 17, 2026
REVEALED: Liquidator appointments for businesses in the Brimbank council area for October 16 – Herald Sun
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Samson Developer Liquid Swords Goes Bankrupt
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