Observers of the Sydney Stubbs bankruptcy case are waiting for the Registrar of the Supreme Court to advertise for Mr. Stubbs’ creditors and start the process of determining to whom and how much Mr. Stubbs may be in debt.
Mr. Stubbs’ hearing was adjourned in January until his creditors could be approached to sign an agreement allowing the ruling to be struck off.
Queen’s Counsel Thomas Evans, the attorney representing Mr. Stubbs, would not comment on how far the MP has advanced in this process because of attorney client privilege but said a date has not yet been set for Mr. Stubbs to appear in court.
The debt which caused Mr. Stubbs to be declared bankrupt was owed to Gina Gonzalez, the woman who instructed her attorneys to collect more than $70,000 from Mr. Stubbs. The amount stemmed from a $55,000 loan made to Mr. Stubbs and another man on the basis of a promissory note.
Source: Rupert Missick, The Tribune
