- Controversial Sydney businessman Salim Mehajer has been declared bankrupt
- Judge Justin Smith rejected lawyer’s argument bankruptcy notice was invalid
- His estate will be managed by a trustee who will take control of his property
Controversial Sydney businessman Salim Mehajer has been declared bankrupt by a Federal Circuit Court judge after one of his companies failed to pay a debt of over $200,000 to its creditors.
A bankruptcy notice was served in November and was supported by a range of creditors, including the company which built a staircase at his lavish Lidcombe home in Sydney’s west.
Judge Justin Smith on Tuesday rejected his lawyer’s argument that the bankruptcy notice was invalid.
Controversial Sydney businessman Salim Mehajer has been declared bankrupt by a Federal Circuit Court judge after one of his companies failed to pay a debt of over $200,000 to its creditors
The order means the estate of the disgraced former Auburn deputy mayor will be managed by a trustee who will take control of his property and financial affairs and deal with his creditors.
The $20,524 legal cost of the bankruptcy application will also come out of his estate.
The 31-year-old is currently behind bars awaiting trial after allegedly faking a car crash in to avoid a court appearance over another matter.
More to come.
A bankruptcy notice was served in November and was supported by a range of creditors, including the company which built a staircase at his lavish Lidcombe home in Sydney’s west
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