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WA Senator Rod Culleton declared bankrupt in the Federal Court – 9news.com.au

Former One Nation Senator Rod Culleton has been declared bankrupt in the Federal Court in Perth, a ruling which could end his term in the Senate.

Mr Culleton, who recently left the One Nation party and planned to serve as an independent, was in court over a $280,000 debt owed to a creditor. 

If the bankruptcy verdict is upheld, by law Mr Culleton would be disqualified from serving as a senator.

He has 21 days to appeal the ruling in the Federal Court 

Mr Culleton told Judge Michael Barker, “you’ve executed me” as the ruling was announced.

Senator Rod Culleton. (AAP)

Senator Rod Culleton. (AAP)

Speaking to reporters, Mr Culleton denied he was bankrupt and expressed his anger at the court process. 

“I’m just in a…

Read the full article at: http://www.9news.com.au/National/2016/12/23/13/51/Senator-Rod-Culleton-declared-bankrupt-in-the-Federal-Court

Category: BankruptcyBy Insolvency Advisory AccountantsDecember 23, 2016

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WA Senator Rod Culleton declared bankrupt in the Federal Court – 9news.com.au

Senator Rod Culleton. (AAP)

Former One Nation Senator Rod Culleton has been declared bankrupt in the Federal Court in Perth, a ruling which could end his term in the Senate.

Mr Culleton, who recently left the One Nation party and planned to serve as an independent, was in court over a debt owed to a creditor. 

If the bankruptcy verdict is upheld, Mr Culleton would be ruled ineligible to serve as a senator.

The court has granted a 21 day stay on the order and Mr Culleton said he planned to fight the ruling. 

This is a breaking news story. More detail will be added shortly.

You can get breaking news alerts on your phone by downloading our app, 9NEWS Alerts, available on iPhone and Android.

© Nine Digital Pty Ltd 2016

…

Read the full article at: http://www.9news.com.au/national/2016/12/23/13/51/senator-rod-culleton-declared-bankrupt-in-the-federal-court

Category: BankruptcyBy Insolvency Advisory AccountantsDecember 22, 2016

Post navigation

PreviousPrevious post:BREAKING: 29 jobs lost as Rockhampton fast food franchise goes into voluntary administration – Rockhampton Morning BulletinNextNext post:Senator Rod Culleton declared bankrupt – ABC Online

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July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
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