02 Dec Stuart Starr
Stuart has 25 years’ of experience in business recovery and insolvency. Stuart’s career has predominately been based in Adelaide however, he has also gained international insolvency exposure in Hong Kong and London.
Stuart has managed numerous unique and often complex corporate and personal insolvency cases across numerous industry sectors. He has undertaken work on corporate and personal insolvency matters in both formal and informal appointments.
Stuart’s experience also extends to numerous business reviews, investigating accountants reports and due diligence reports.
- Court Liquidations
- Creditors Voluntary Liquidations
- Statutory Trusteeships
- Voluntary Administrations
- Business reviews/IA reports
Key projects / matters
- Managing the administration/DOCA of Royal Life Saving Society Australia – South Australia Branch including trading on, negotiations with government in relation to assignment/novation of grant program to the National branch ultimately leading to successful delivery of a state wide vacation care swimming program, sale of a non core business unit (including a property), in which creditors received 100c in the dollar and control of the association was returned to its board.
- Preparing an Investigating Accountant’s Report for a confidential client (including presentation to its CEO and key people) on a significant creditor and tenant facing solvency issues. Following the recommendations of the report, the confidential client provided a restructure of the loan and a reduction in rent which has led to a positive outcome for all parties/stakeholders..
- Managing the liquidation of Riverland Fruit Cooperative Ltd, including complex litigation, in which creditors received 100c in the dollar and interest.
- Managing the controllership of the Freedom Adelaide Meridien Hotel, including sale of the Hotel.
- Managed the liquidation of EzyDVD, which required complex and detailed insolvency and transaction analysis resulting in the achievement of significant preference recoveries. A substantial return to the secured creditor was paid following the attainment of precedent making court direction clarifying the secured creditor’s entitlement to subrogate as a priority creditor for employee entitlements paid.
- Bachelor of Commerce (Accounting)
- Member of Chartered Accountants Australia and New Zealand
- Member of Australian Restructuring Insolvency and Turnaround Association
- Member of Australia Institute of Credit Management
- Member of winSA