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.canberratimes.com.au/story/6898672/nsw-man-bankrupted-over-claimed-10m-debt/?cs=14231
