Sunday 2 December 2012

EXCLUSIVE: Ayliffe fends off bankruptcy bid with revised proposal

IT'S the insolvency equivalent of a miracle ball - a debt agreement lobbed onto the chest of a creditor after the first pass went to grass - and Roosters legend Royce Ayliffe might just have thrown it.

The NRL judiciary stalwart is due to front at a creditors petition hearing in the Federal Magistrates Court on December 19. 

The petition was filed by ACM Group on November 12 after the Vieira family's debt collection agency rejected Ayliffe's original Part IX debt agreement proposal to satisfy $40,000 in credit card repayment obligations. 

That first proposal was popped up by Ayliffe in September. See:  NRL's Ayliffe facing debt dilemma

But the former league star may have fended off the December 19 hearing - which could see him bankrupted - by lobbing to ACM a revised, and possibly acceptable offer just this week.

SiN's mail is that Moore Stephen's Trent Hancock has been approached to act as trustee to Ayliffe's Part IX version two. 

At time of writing the arrangement had not been formalised. Nor had a second Part IX appeared on the register of the official receiver.

SiN understands the 56 year old Ayliffe has been repaying the debt in installments since creditors won judgment in the Downing Centre Local Court on June 16, 2010.

Ayliffe did not reply to emailed requests for comment and would not take SiN's calls.

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