File Details
ACN/Estate#:
VIC/399/23/6
Office Name:
Melbourne
Trading Name
None known
Principal
Con Kokkinos
Admin Type
Debtors petition
Manager:
Francis Osei-Ntim
Start Date
03/05/2023
Exec Analyst
Matthew Watkins
Status
Dividend
Contact Person
Lakshay Pahuja
Industry
Professional Services
Appointee
Matthew Jess
I want to
File Summary
As at 4 May 2023

Ms Georgina Elizabeth Baker was made bankrupt on 3 May 2023 as a result of a debtor’s petition lodged by the bankrupt.

The Bankrupt has completed a Statement of Affairs (“SOA”) and we shall endeavour to collect the books and records pertaining to their examinable affairs. We shall provide a Statutory Report to creditors highlighting the Bankrupt’s financial position and any potential recoveries in respect to the Estate within 28 days.

Creditors will be kept informed of any material developments in due course. In the interim, any queries in respect to this bankruptcy should be directed to Aurelia Pereira on (03) 9613 5525 or aurelia.pereira@worrells.net.au.

As at 5 June 2023

Creditors are referred to our Report to Creditors dated 31 May 2023 for details of our investigations into the Bankrupt’s affairs. A copy which can be downloaded from the File Information section on the webpage.

A further update report will only be provided in the event of any significant developments in the Bankrupt Esate.

In the interim, any queries in respect to this bankruptcy should be directed to Matthew Watkins on (03) 9613 5531 or matthew.watkins@worrells.net.au.
Your Questions answered

Reasons for Insolvency

We curently have no reasons for the administration

Collections Summary
Debtors Collection

There are no debtors to collect on this file.

Scheduled Collections

There are no scheduled agreements in place for this file.

Income Assessments
Start End Assessment Collected Written Off Transferred
03/05/2023 02/05/2024 $46,095.88 $42,581.85 $0.00 $0.00
03/05/2024 02/05/2025 $39,194.00 $28,030.85 $0.00 $0.00
Meeting of Creditors
Future Meetings

A Proposal without a Meeting has been called for 18 April 2025 at 05:00 pm at Worrells in Melbourne.

Past Meetings

There are no past meetings for this file.

Minutes of Meeting are made available shortly after each meeting and can be found in the Client Documents section below.

Creditor Information

  Received Admitted
Number of Creditors Recorded 6  
Number of PODs Claimed 4 0
Total of PODs Claimed $1,299,670.00 $0.00
Total of Employee PODs Claimed $0.00 $0.00
Total of Secured PODs Claimed $0.00 $0.00
Total of Unsecured PODs Claimed $1,299,670.00 $0.00
Note to creditors whose debts are guaranteed by other parties

If your debt in this estate is guaranteed by another party, and your guarantee contains a clause restricting that other party from proving their debt (if they have one) in this estate until your debt is paid, you must provide this office with a copy of that guarantee document before any meeting of creditors or payment of dividend.

Distribution Summary
Future Distributions

There are no future distributions for this file.

Past Distributions

There are no past distributions for this file.

Receipts and Payments Summary
Receipts Summary
Account name Total
Contributions Received $66,712.70
Total receipts $66,712.70
Payments Summary
Account name Code Total
ARC paid B1 $2,707.72
Appointees Remuneration $34,420.59
Searches B1 $52.00
Total payments   $37,180.31
Assets Summary
Cash at Bank $29,532.39
Suspense -$3,266.17
Total assets $26,266.22
Disbursement Summary
Category Code Total ($)
External - Non-Professional B1 $2,759.72

Disbursements are divided into three types: A, B1, B2.

  • A - disbursements are all externally provided professional services and are recovered at cost. (e.g.legal fees)
  • B1 - disbursements are externally provided non-professional costs such as travel, accommodation and search fees. B1 disbursements are recovered at cost.
  • B2 - disbursements are internally provided non-professional costs such as photocopying and document storage.B2 disbursements are charged at cost except for photocopying, printing and telephone calls which are charged at a rate which is intended to recoup both variable and fixed costs.

Fee Information (GST Inclusive)
Summary
Time Spent $38,837.10
Fees Drawn $37,862.65
Fees Written Off $0.00
WIP Balance $974.47
Time spent by Employees
Employee Position Hourly rate
(ex GST)		 Total Hours Total
(ex GST)
Con Kokkinos Principal $660.00 7h 27m $4,917.00
Matthew Jess Principal $660.00 1h 31m $1,012.00
Paul Burness Principal $660.00 0h 5m $66.00
Dean Phillips Senior Manager $600.00 7h 37m $4,532.00
Francis Osei-Ntim Senior Manager $600.00 3h 58m $2,375.43
Greg Thiveos Senior Manager $600.00 7h 11m $4,320.00
Hayden Montgomerie Assistant Manager $480.00 4h 44m $2,032.26
Matthew Watkins Executive Analyst $480.00 11h 28m $5,281.40
Aurelia Pereira Executive Analyst $415.00 10h 58m $4,551.38
Lakshay Pahuja Senior Business Analyst $415.00 3h 9m $1,307.35
Alex Bryant Senior Business Analyst $360.00 3h 18m $1,171.99
Joel Cuzzi Senior Business Analyst $360.00 0h 7m $44.66
Gary Howard Business Analyst $320.00 0h 2m $16.00
Samuel Gillard-Goode Graduate $320.00 2h 3m $661.33
Amirah Atikah Financial Assistant $275.00 0h 19m $87.10
Helen Le Financial Assistant $275.00 1h 28m $407.98
Natasha Faziera Financial Assistant $275.00 0h 8m $36.67
Nikhlesh Ravindran Financial Assistant $275.00 0h 27m $123.76
Pravinaa Krishnan Financial Assistant $275.00 1h 4m $298.00
Totals     67h 12m $33,242.32
GST       $3,324.23
Total including GST       $36,566.55
Avg hourly rate       $480.82
Time Spent by Category
Category Total Hours Total
(inc GST)
Administration 2h 48m $1,661.22
Assets 5h 14m $2,775.56
Creditors 32h 10m $17,351.63
Dividend 0h 33m $242.38
Investigations 26h 25m $14,535.76
Totals 67h 12m $36,566.55  
Client Documents
Date Name
17/01/2024 General Advice
26/06/2023 Certificate of Resolutions
31/05/2023 Stat Report