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David Ingram

Partner at I&R Advisory and registered liquidator in Sydney, Australia, specialising in corporate insolvency, restructuring and turnaround management.

Sep 24, 2026

2:01
Yep.
2:02
And there's other instances where we get the books and records of the company.
2:05
We get the balance sheet and there's a couple of hundred thousand dollars worth of plant and equipment on the balance sheet listed on the asset register.
2:11
get appointed, and where's the assets? And the director's like, well, I sold them.
2:15
Okay, well, who did you sell them to? How much did you get for it? Where did the money go? And the further you dig, they sold it under value and they took the money themselves, right? They took the company's assets, the money just went straight to their personal bank accounts, and then we've had to pursue them personally to recover those monies that were rightfully the company's monies.
2:36
What's phoenixing? Phoenixing, so...
2:40
It's a buzzword at the moment and it's been around for a while.
4:19
What can ASIC do about it?
0:14
it's not always the case, is it?
0:16
Absolutely not.
0:17
Yeah, no.
0:17
So I guess our role is to meet with the directors and their accountants and advisors and give them their options.
0:24
Yeah.
0:25
So...
0:26
From that perspective, yes, a lot of people say, oh, you just come in and shut businesses down.
2:03
Give me another example of when the client was so much better off for sitting down with you.

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