Long time reader, first time poster.
Ken has kindly invited me to join the exalted ranks of posters at Club Troppo, so I thought I might briefly say hi and introduce myself. Floating in a google cache somewhere under a pseudonym is the remains of my former blog, which featured a fair few inane mutterings, random commentary and rare occasions of genuine amusement with the practice of law. Most of you would never have heard of it, so don’t feel bad for missing it.
I am a lawyer in private practice, mainly in the particular area of insolvency litigation, which is also the primary focus of the doctoral studies I am currently juggling alongside my work. So I may feel prompted to comment when insolvency finds its way into the glare of media attention. Insolvency law has the distinction of being hugely influenced by the great masters of the financial failure – Skase, Bond, Ansett and One.Tel to name a few. What’s more, it constantly generates new challengers and solutions for the next generation of the notorious. So it can be a bit of fun.
Welcome. I look forward to posts. Ansett – which one or both? Budget?
Well I was thinking Ansett Airlines – all of those thousands of “creditors” crying foul because they weren’t going to get to redeem their frequent flyer points. But Bob Ansett in all his guises has certainly done his bit to contribute to the shaping of insolvency law. Another example would be the outcry over whether gift vouchers would be redeemable after the Brashs reorganisation. Mostly, though, it comes up by way of employee claims. Employees (as distinct from contractors, suppliers and everyone else) have demanded and received (at the expense of ordinary unsecured creditors) incredible security from the effects of liquidation.
Welcome Danielle. As an insolvency lawyer you would be interested in this.. Trackback
Aha, Chris. I might have even commented on that post at the time….
I don’t know if you saw it but Prof John Quiggin over at his blog called ..er..um ..John Quiggin had a thread called Bankcrupcy in USA.
http://johnquiggin.com/index.php/archives/2006/07/24/bankruptcy/#more-3098
I remember getting into trouble for refusing to go to a “management” seminar by Bob Ansett on “Putting The Customer First”. Looked like bullshit and was. He was still giving them and idiots still listening long after Budget went down the tubes.