Controversial junior coal magnate Nathan Tinkler is expected to launch a court appeal to stave off bankruptcy.
The former billionaire, whose debt-fuelled mining empire collapsed in 2012 following the slide in coal prices, has been fighting a petition from GE Commercial that he be declared bankrupt over a $US2.25 million debt, which was said to be worth almost $2.8 million in Australian dollars as at June 2015.
Federal Court Judge Jacqueline Gleeson on Tuesday ordered that a sequestration order be made against Mr Tinkler’s est…
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