Re Edelsten, G.W.

[1988] FCA 89

NOT SUITABLE FOR DISTRIBUTION

I N THE FEDERAL COURT O F AUSTRALIA )

GENERAL DIVISION )

BANKRUPTCY DISTRICT OF THE STATE ) N O . P .1551 of 1 9 8 7

OF NEW SOUTH WALES AND THE 1

AUSTRALIAN CAPITAL TERRITORY	1
- R E :

GEOFFREY WALTER EDELSTEK

D e b t o r

EX PARTE:

FULL POINT PTY L I M I T E D

C r e d i t o r

REASONS FOR JUDGMENT

BURCHETT J .

T h i s mat te r was h e a r d a t t h e same time a s t h e

a p p l l c a t l o n b y t h e D e p u t y C o m m l s s l o n e r of T a x a t l o n t o a n n u l t h e

b a n k r u p t c y of G e o f f r e y Walter E d e l s t e n i n r e s p e c t of w h l c h I h a v e

j u s t d e l l v e r e d j u d g m e n t .

T h e p e t i t i o n of F u l l . P o i n t P t y . L l m l t e d was n o t d l s p u t e d

b y e v l d e n c e o r a r g u m e n t a n d was s u p p o r t e d b y e v i d e n c e ~n t h e

u s u a l f o r m . 1 am s a t i s f i e d t h a t t h e d e b t o r , G e o f f r e y W a l t e r

C d e l s t e n , c o m m i t t e d t h e a c t b a n k r u p t c y o f a l l e g e d 1 n t h e

p e t i t i o n . I am s a t i s f l e d o f p r o o f o f t h e o t h e r m a t t e r s of w h l c h

s . 5 2 ( 1 ) o f t h e B a n k r u p t c y A c t 1 9 6 6 r e q u l r e s p r o o f . I no te t h a t

May C h r i s t o p h e r D o n n e l l - y , a registered trusLee, h a s c o n s e q t c d I-o

a c t a s t rus tee of t h e e s t a t e of t h e d e b t o r . I make il

s e q u e s t r a t l o n o r d e r a g a l n s t h e e s t a t e o f t h e d e b t o r a n d o t - \ - l ~ ~ -

t h a t cos t s ( I n c l u d i n a r e s e r v e d c o s t s ) b e t a x e d a n d p a i d a c c o r t d ~ n ( A

t o t h e A c t .	I	d i r e c t t h a t a	d r a f t of	t h e s e	o r d e r s	b e	d e l i v e r e d
t o	t h e	Reg i s t r a r	w i t h i n	s e v e n d a y s	I n	a c c o r d a n c e w i t h	r . 1 2 4 ( 2 ) .

I	c e r t i f y t h a t	t h i s	a n d	t h e
p r e c e d i n g	one	(1 ) p a g e	a r e	a

k r u e c o p y o f t h e Reasons f o r

J u d g m e n t h e r e i n of h i s H o n o u r

Mr.	B u r c h e t t .	J u s t i c e	.
Date;:	1 0	M a r c h	1 9 8 8 .

C o u n s e l	f o r	t h e D e b t o r :	Mr	C.	C u r t i s
S o l i c i t o r s	f o r	t h e D e b t o r :	S h e n k e r	&	A s s o c i a t e s

C o u n s e l f o r t h e C r e d i t o r : G . W a t s o n , J . F e r n o n

So l i c l to r s	f o r	t h e C r e d i t o r :	J s e n b e r g ,	S p e d d i n g	&
P l a y e r
Dates o f	h e a r i n g :	9 ,	16	O c t o b e r	1 9 8 7

1 3 November 1987