Eaton bankrupt but not beaten

Lawyer Jim Johnson after
the Eaton examination
Photo: SiN Images

GILES Woodgate’s protracted dealings with bankrupt electrician Stuart Alexander Eaton continue to throw up intriguing developments.

At a recent examination in the Federal Magistrates Court Woodgate's legal team alleged that Eaton “has access to a stream of revenues that the bankrupt has not disclosed to the trustee”.

Not perhaps the most startling allegation a trustee has ever made but what’s not quite as common is the trustee hauling the bankrupt’s offspring into a court in a bid to verify his suspicions.

To that end Eaton’s adult son Mitchell Eaton spent much of the day explaining how he was made director of Eaton Electrical Group (EEG), a company through which much of the business’s revenues and profits pass.