Trustee’s grab for school fees foiled

The young Fung's school fees
have eluded their Mother's trustee
Nick Malanos.
Photo: Worrells. 

NICK Malanos’ attempts to secure $200,000 for the creditors of bankrupt financial advisor Tina Poh-Chooi Fung have been dashed by Federal Court Justice Dennis Cowdrey (See Justice Cowdrey's judgement).

In a decision handed down last week Justice Cowdrey upheld an appeal launched by the bankrupt’s ex-husband, Stephen James Oliver.


Mr Oliver was appealing Federal Magistrate Rolf Driver's January 2011 judgement which found that $200,000 Ms Fung contributed to a fund for the education of the couple’s three children vested with the Worrells’ bankruptcy trustee at the time of her bankruptcy.