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SEOUL, Dec. 16 (Yonhap) — Interpark Commerce, an online retail subsidiary of e-commerce giant Qoo10 Group hit by an insolvency crisis last year, was declared bankrupt by a court Tuesday.
The Seoul Bankruptcy Court made the ruling one year and four months after Interpark Commerce applied for rehabilitation proceedings in August 2024.
Creditors have until Feb. 20 next year to file claims. The creditors’ meeting and claims investigation will be held on March 17, 2026.
Interpark Commerce has suffered serious financial difficulties and a chain of exodus of sellers and customers since July last year, when Qoo10 Group’s two other subsidiaries — TMON and WeMakePrice — filed for court receivership due to liquidity problems that resulted…
Brittany Higgins’ husband has been bankrupted by a former politician after he threw in the towel during the pair’s defamation battle due to money worries.
Former Liberal senator Linda Reynolds sued both her former political staffer and David Sharaz over a series of social media posts she claimed damaged her reputation.
The former defence minister had a high-profile victory over Ms Higgins at trial, and Mr Sharaz bowed out before the proceedings started, saying at the time he couldn’t afford a lawyer.
Mr Sharaz, an ex-journalist, was found to have defamed Ms Reynolds and was ordered to pay her $85,000 in damages plus interest and costs.
Linda Reynolds successfully sued Brittany Higgins and David Sharaz over their social media…
Interpark Commerce Logo [Courtesy of Interpark Commerce]
Interpark Commerce, which has been suffering from financial difficulties in the aftermath of the Timon and Wemakeff incidents, was eventually declared bankrupt.
On the 16th, the Seoul Rehabilitation Court (Chief Justice Jung Joon-young) declared the debtor Interpark Commerce Co., Ltd. bankrupt. It has been two weeks since the court decided to abolish the rehabilitation procedure on the 1st, believing Interpark Commerce has no possibility of rehabilitation, and a year and four months since it applied for the rehabilitation procedure to the court in August last year.
Bennett said even if Sharaz was unable to pay the whole debt, the “vindication of Ms Reynolds’ reputation (was) paramount”.
“[Sharaz will] serve out his time for bankruptcy. He’s working, so his income will be assessed, and he’ll be required to make contributions to the estate,” Bennett said.
Linda Reynolds (middle) with lawyer Martin Bennett (right) leaving the WA Supreme Court earlier this year.Credit: Trevor Collens
“His travel will be restricted. He’ll be required to cooperate with the trustee, and he won’t be able to retain luxury items.”
As trustee, Juratowitch has wide powers to investigate the couple’s finances.
“He’s able to investigate their affairs to determine the truth of their financial…
Bennett said even if Sharaz was unable to pay the whole debt, the “vindication of Ms Reynolds’ reputation (was) paramount”.
“[Sharaz will] serve out his time for bankruptcy. He’s working, so his income will be assessed, and he’ll be required to make contributions to the estate,” Bennett said.
Linda Reynolds (middle) with lawyer Martin Bennett (right) leaving the WA Supreme Court earlier this year.Credit: Trevor Collens
“His travel will be restricted. He’ll be required to cooperate with the trustee, and he won’t be able to retain luxury items.”
As trustee, Juratowitch has wide powers to investigate the couple’s finances.
“He’s able to investigate their affairs to determine the truth of their financial…
Bennett said even if Sharaz was unable to pay the whole debt, the “vindication of Ms Reynolds’ reputation (was) paramount”.
“[Sharaz will] serve out his time for bankruptcy. He’s working, so his income will be assessed, and he’ll be required to make contributions to the estate,” Bennett said.
Linda Reynolds (middle) with lawyer Martin Bennett (right) leaving the WA Supreme Court earlier this year.Credit: Trevor Collens
“His travel will be restricted. He’ll be required to cooperate with the trustee, and he won’t be able to retain luxury items.”
As trustee, Juratowitch has wide powers to investigate the couple’s finances.
“He’s able to investigate their affairs to determine the truth of their financial…
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Brittany Higgins’ husband David Sharaz has been declared bankrupt by the Federal Court, just days after Higgins herself was placed into bankruptcy over unpaid defamation debts to former WA Liberal senator Linda Reynolds.
Higgins and Sharaz were ordered to pay Reynolds $341,000 in damages and more than $1 million in legal costs in August after Reynolds’s successful defamation action over a series of social media posts from the pair.
David Sharaz has been declared bankrupt by the Perth Federal Court.Trevor…
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