Media Release: QLD (Holley) – Bankrupt found guilty of offences under the Bankruptcy Act

Friday, July 21, 2017

Ms Faye Sheree Holley, of Cranley, Queensland, pleaded guilty on 13 June 2017 to two offences under the Bankruptcy Act related to her examinable affairs.

Ms Holley’s offences included: failing to file a completed Statement of Affairs with the Official Receiver within 14 days of being notified of her bankruptcy by sequestration order; and failing to provide information to her Trustee when directed to.

The Trustee directed Ms Holley to provide information about a Mack truck that vested in the Trustee as an asset of the bankrupt estate. Ms Holley failed to provide the Trustee with the location of the truck. Ms Holley also gave little information about a potential buyer for the truck.

The Magistrate at the Toowoomba Magistrates Court convicted and sentenced Ms Holley for both offences, and placed her on an 18 month good behaviour bond of $900. She also ordered her to either give the Trustee access to the Mack truck, or to provide the proceeds of the sale of the Mack truck to the Trustee within 30 days.

The matter was prosecuted by the Commonwealth Director of Public Prosecutions.