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Salim Mehajer declared bankrupt over $200000 debt – The Sydney Morning Herald

Controversial former Auburn deputy mayor Salim Mehajer has been declared bankrupt by a Federal Circuit Court judge, ratcheting up the pressure on the property developer as he faces a string of criminal charges.

The liquidator appointed to Mehajer’s failed company, SM Project Developments, served a bankruptcy notice on Mehajer in September last year and kicked off bankruptcy proceedings in November over a $200,000 debt.

Salim Mehajer has been in jail since January 24 after he was refused bail over unrelated criminal charges.

Salim Mehajer has been in jail since January 24 after he was refused bail over unrelated criminal charges.

Photo: AAP

The application was supported by a range of creditors, including the Australian Taxation Office and Greenacre-based company Prime Marble & Granite, which helped construct what NSW District Court Judge Judith G…

Read the full article at: https://www.smh.com.au/national/nsw/salim-mehajer-declared-bankrupt-over-200-000-debt-20180320-p4z57v.html

Category: BankruptcyBy Insolvency Advisory AccountantsMarch 19, 2018

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PreviousPrevious post:Luxury cars, waterfront home up for auction from alleged debt relief fraud case – Sun SentinelNextNext post:High debt, weak wages leave RBA on ‘different track’ to US Fed – The Australian Financial Review

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Salim Mehajer declared bankrupt over $200000 debt – The Sydney Morning Herald

Controversial former Auburn Deputy Mayor Salim Mehajer has been declared bankrupt by a Federal Circuit Court judge, as he faces a string of criminal charges.

The liquidator appointed to Mehajer’s failed company, SM Project Developments, served a bankruptcy notice on Mehajer in September last year and kicked off bankruptcy proceedings in November over a debt of about $200,000.

Salim Mehajer has been in jail since January 24 after he was refused bail over unrelated criminal charges.

Salim Mehajer has been in jail since January 24 after he was refused bail over unrelated criminal charges.

Photo: AAP

The application was supported by a range of creditors including the Australian Taxation Office.

In response to the application, Mehajer’s lawyers have filed documents claiming he is able to pay his debts or there is “some other sufficient cause” why t…

Read the full article at: https://www.smh.com.au/national/nsw/salim-mehajer-declared-bankrupt-over-200-000-debt-20180320-p4z57v.html?utm_medium=rss&utm_source=rss_feed

Category: BankruptcyBy Insolvency Advisory AccountantsMarch 19, 2018

Post navigation

PreviousPrevious post:Salim Mehajer declared bankrupt by judge – 9news.com.auNextNext post:Cassava farmers appeal for debt relief – The New Times

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Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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