Prentice wins possession after Coshott claims dismissed

The Bunyala Road property of bankrupt
Robert Coshott to be repossessed by Max Prentice.
Photo: SiN Images

BANKRUPTCY trustee Max Prentice has won possession of a rambling property in Bunyala Road, Bellevue Hill valued at up to $4 million.

On Tuesday, Federal Court Judge Robert Buchanan ordered the large residential home vest with Prentice as trustee for sale.

The judge gave the bankrupt, Robert Gilbert Coshott, his wife Ljiljana and their sons James and Michael 42 days to clear out. You can read Coshott V Coshott (2013) here.

The BPS Recovery partner's win, which includes costs, was facilitated by insolvency lawyer Sally Nash. It concludes a relatively short court battle that was preceded by years of litigation between the bankrupt, his former trustee John Burke, and more recently, the bankrupt's son James. 

Burke relinquished the appointment in February this year, leaving the way open for Prentice to attempt to recover a half share of the large home.

Burke passes Coshott baton to Prentice

BPS Recovery partner
Max Prentice. 

IT was an unusual little meeting at the offices of the Official Trustee in Bankruptcy last month.

There were two private trustees present. A third and fourth attended by proxy. And each was vying to take on the trusteeship of the bankrupt estate of Robert Gilbert Coshott.

Coshott is a former solicitor who was struck off the roll in 1997. He was bankrupted in 2008 on a creditors petition filed by Shipton Lodge Cobbity following a dispute over agistment fees.

Before the meeting on March 21 this year the Official Trustee administered the estate, having taken over from former trustee, John Burke on February 25, 2013.

Burke's resignation was approved after he told the Federal Court personal reasons had compounded the difficulty of managing “a very complex bankruptcy administration”.