The director of a group of companies that former Blue Chip boss Mark Bryers helped run in Australia has been declared bankrupt owing A$12.8 million ($13.2m).
Stephen Peter Lacy filed a debtor’s petition earlier this month with the Australian Financial Security Authority. Four banks were the biggest of 24 creditors listed.
Lacy was listed as the sole director and shareholder of a range of companies in the Talos Accounting Group, an organisation that the Herald revealed Bryers was helping manage using the name Mark Ryan.
Lacy had signed personal guarantees for millions of dollars of loans associated with the Talos business, an aggregated accounting and financial services operation with …
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