Gregory John Walker (Greg) – Profile

Greg Walker, McArthur Projects

According to Greg Walker’s website – http://macarthurprojects.com/about-us/ …. which contains a series of attractively rendered photos, Greg Walker been developing properties to the tune of over $300m since about 1994 (source: http://macarthurprojects.com/ circa November 2017).

Regrettably Greg, despite working in a team with 200 years experience and $300m in projects (as discussed below), experienced some dramas with ASIC and others as the following documents suggest:

Despite the above, we couldn’t find a mention of these facts upon his website which states:

A carefully selected team of experts boasts a combined experience of more than 200 years of industry knowledge including one of Sydney’s leading Town Planners … 

Managing Directors, Greg and Karen Walker are well known in the industry for their ability to convert raw sites into development approvals and thus creating a high return on investment ***.

In addition to Macarthur Projects dedicated full time staff, the company has invested in long term relationships that span nearly two decades with some of the industries most highly regarded consultants who add real strength and experience to the mix.

More than 80% of Macarthur’s developments are the result of off market transactions…..

Macarthur Projects has a 100% success rate in approvals through the consent authorities, this includes the NSW Land and Environment Court. This provides the foundation to the project success. …

The philosophy adopted by Macarthur Projects to utilise a balance of both in-house staff and external consultants, gives the company a nimble advantage to respond to matters of urgency.

With direct access to some of the most skilled and reputable designers and architects, the final developments are world class.

Source: http://macarthurprojects.com/about-us/. *** disclaimer – sometimes negative returns achieved by Greg Walker.

Can 200 years experience help?

In short, no not always.

According to our research, a number of Greg’s finest projects are imaginary (or incomplete), for instance:

An assortment of these fake project renders (or photos completed by the real developer follow below):

The Archibald, Gosford

Greg’s latest project is virtually amazing:

In a test run for the real thing perhaps, during a ferocious 59km/hr breeze, various inadequacies in Walker constructions were exposed:

or video here:

https://www.9news.com.au/national/nsw-severe-weather-warning-for-damaging-winds-scaffolding-collapse-gosford-construction-site/a350fe69-efb6-4765-9e36-eb0bd200a20d

Alternatively, the following promotion video may sell you your new virtual lifestyle?

Virtually finished and ready to move in, or will it take as long to build as Barkala?

To bring The Archibald within reach of any purchaser with a pulse, Greg Walker notes that the NSW Government is giving away free money:

Free money - OSR NSW
Free money – OSR NSW (conditions apply)

It is widely rumoured that Greg Walker was able to complete the acquisition of Archibald land, despite declaring to the NSW Office of State Revenue that the contract had been rescinded, with the benefit of a few ($16,000,000 of) helping hands dollars from Keith Snell whilst alive. Unfortunately Keith could not attend the public examinations re: 131MVR nor provide any answers to the liquidators thereof.

Keith Eddy Snell
Keith Eddy Snell – money bags?

Personal

Personally, Greg is married to his joint managing director, Karen Vee Walker (formerly Director of 131MVR Pty Ltd (in liquidation)).

In her spare time Karen is an “expert“, life coach and stylist.

Expert - Karen Vee Walker
Expert – Karen Vee Walker
Fully qualified

Profile: To be continued

Greg Walker, McArthur Projects
Greg Walker, McArthur Projects

The Walker family

Successful joint managing directors and life coaches need to present the ideal image of a happy family. The Walkers are no exception:

Life coach & sometimes banned company director

What next?

How would you rate your experiences with Greg Walker?

Would you like to tell us confidentially about your experiences?

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

To contact us with any confidential tip-offs, files or information – please use the instant chat tools or form below:

Introducing our free debt collection tool

assetprotection.biz offers you the free use of our free debt collection tool – called the Creditors Statutory Demand.

To access the tool – simply go to our form and answer the questions and we’ll email you the demand within a few minute. Click this link to open the tool.

Below is a short video explaining the process.

Click this link to open the tool:https://forms.gle/ateUd36DAxf65qPJ8

To take our Business Health Check – click here: http://4799618.hs-sites.com/business-health-check-0

To go to our knowledge base – click here: https://assetprotection.biz/knowledge-base/

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

To send an enquiry – complete the form below:

Bargo Developments – profile

632 old northern rd dural photo

revised in part on 15 and 16 December 2020 by Mark Smith

Bargo Developments Pty Ltd (in liquidation) (“Bargo“) is a company owned by Craig Adams (“Craig“) who entered a confidential heads of agreement with Ralph Paligaru (“Ralph”).  Ralph is and was the Power of Attorney of Mohan Kumar with a registered power of attorney, the former vendor of the land. Bargo became the owner of 632 Old Northern Rd, Dural after Ralph exercised the Power of Attorney of Mohan Kumar to sell the land to Bargo – copy of front page of contract here – click link.

Bargo is now in liquidation, Craig is bankrupt and Ralph is the subject of, I believe, more than 1 judgment debt with a bankruptcy notice having been served. Unless DCP Litigation Holdings judgment debt is set aside or paid, Ralph may be subject to further court orders. More information on Ralph’s bankruptcy notice and circumstances can be found via the following link: click here.

A copy of the confidential heads of agreement between Craig and Ralph can be viewed here: click link.

Ralph assigned to DCP Litigation Holdings (on behalf of his boss Mohan Kumar) monies owed by Craig and Bargo to Kumar. DCP Litigation Holdings applied and was successful in having Bargo wound up pursuant to the debt arising under the assignment between Kumar and DCP Litigation Holdings. Click below to view the following documents:

Creditors Statutory demand upon Bargo pursuant to the Kumar debt assigned by Ralph to DCP Litigation.

Originating process to wind up Bargo

Affidavit of debt.

Judgment – windup of Bargo

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

To contact us with any tip-offs, files or information about any person mentioned on this page – please use the instant chat tools – bottom right corner or the contact/tipoff form below:

Case study – real estate agent forges wife’s signature

DC Partners (Solutions) Pty Ltd working with a financier client recently uncovered evidence that the agent forged his wife’s signature to gain a financial advantage borrowing against his family home.

The agent was a well known agent from the Liverpool area of NSW.

The agent has since become personally bankrupt and the agency wound-up in insolvency.

The crimes were discovered in late 2019.

DC Partners (Solutions) Pty Ltd says the finding highlight the stress and financial pressure that estate agents can find themselves in and the lengths when persons are not thinking clearly that they might go to.

For more information – chat with us live using our instant chat tools (bottom corners), book an appointment or call now on 1300-327123 (till late).

To contact us with any tip-offs, files or information – please use the instant chat tools or form below:

What is a liquidator?

What is a liquidator

A liquidator is a person appointed, in the winding up of a corporation, to assume control of the company’s affairs and to discharge its liabilities in preparation for its dissolution.  The appointment of a liquidator may be done voluntarily (by the proprietors) or via the courts (usually upon the application of a creditor – very often the ATO using a creditors statutory demand).

The process of the liquidator conducting the affairs of the company and realising its assets is called liquidation.

The liquidator’s role is to ascertain the liabilities (and assets) of the company, convert its assets into money, terminate its contracts, dispose of its business, distribute the net assets to creditors and any surplus (which is rare) to the shareholders and/or proprietors.

The liquidator will extinguish the company, lawfully, as a corporation on the records of ASIC by formal dissolution.

In determining the assets of a company, it is the liquidator’s duty to determine whether particular assets under the company’s control are owned by the company or others – i.e. stock may be purchased subject to a retention of title, vehicles may be on a corporate hire purchase and secured via a PPSR.

BAP can assist company directors to structure their assets and affairs, if not insolvent, in such a fashion to provide lawful asset protection.  To discuss how we can help to structure your company’s affairs and assets to provide maximum asset protection, please click here to book an appointment, call 1300-327123 (1300-DCP123), or complete the below form.

Divorce finance

Divorce-finance

DCP Capital has developed what it believes is a first.  It has developed a divorce finance solution it can tailor to ensure all parties to a property settlement get a fair deal.

The solution came about when reviewing the plight of divorcing ladies.  Unfortunately, in some cases, the ladies lacked the financial strength to achieve a just and equitable deal.  A fair deal.

Divorce can be an expensive process involving legal concepts and consuming emotions.

The emotional toll can be higher when a divorcee’s assets are being dealt with.

If you want to discuss getting a better deal in your divorce, call us to discuss our divorce funding litigation service – call anytime on 1300-327123.  Alternatively, have your lawyers call us to discuss proper funding.

To view related blogs, case notes or otherwise, follow the following category links and tags below.

What is insolvency?

Insolvency in general terms, as it relates to a corporation, is the inability to pay debts as and when they become payable.

A company is also insolvent if it is experiencing an ‘endemic shortage of working capital’ as opposed to a temporary lack of liquidity.

Determining the difference at a point in time during the corporation’s life is a question for a court to determine .

Indicators of insolvency include:

  • continuing losses,
  • no access to alternative finance,
  • the inability to raise further equity,
  • special arrangements with selected creditors,
  • solicitors’ letters or judgments issued against the company,
  • overdue taxes,
  • failure to keep books and records, etc.

The list is indicative and not exhaustive.

Companies experiencing any or all the above indicators should book a free consultation by clicking here then where we’ll provide you with company specific advice re insolvency in your instance.  Alternatively call us on 1300-327123 (till late) or complete the form below.

Deputy Commissioner of Taxation (i.e. the ATO) v GSFPA

(Work in progress, more details to follow on this page).

Call our hotline anytime if you’ve received a creditors statutory demand, have a debt to the ATO or need corporate structuring advice – on 1300-327123.

To view related blogs, case notes or otherwise, follow the following category links and tags below.

DCPLH v the Estate of Elias Azzam

(Work in progress, more details to follow on this page).

  • DCPLH v the Estate of Elias Azzam (2 matters).
  • Matter 1, involves a potential insolvent trading claim.
  • Matter 2, as assignee, DCPLH is seeking equitable contribution from the estate of the co-surety pursuant to various mortgages and the obligations of the deceased.

To discuss the Estate of Elias Azzam, litigation funding or otherwise – please call us anytime on 1300-327123.

To view related blogs, case notes or otherwise, follow the following category links and tags below.

What is a creditors statutory demand?

The Corporations Act 2001 (“the Act”) provides for the conducting of business by a corporation in Australia.

Section 459E of the Act provides that a corporation may be served a statutory demand by a creditor (i.e. a creditor’s statutory demand) relating to (subsection 1):

                     (a)  a single debt that the company owes to the person, that is due and payable and whose amount is at least the statutory minimum; or

                     (b)  2 or more debts that the company owes to the person, that are due and payable and whose amounts total at least the statutory minimum.

 

Once served with such a demand, a company cannot ignore the demand.  The most serious of possible consequences for the company are now rolling out.  There are no friendly rules or casual arrangements, strict compliance with the demand is necessary by law.

Requirements

 

There are further other requirements such as:

             (2)  The demand:

                     (a)  if it relates to a single debt–must specify the debt and its amount; and

                     (b)  if it relates to 2 or more debts–must specify the total of the amounts of the debts; and

                     (c)  must require the company to pay the amount of the debt, or the total of the amounts of the debts, or to secure or compound for that amount or total to the creditor’s reasonable satisfaction, within 21 days after the demand is served on the company; and

                     (d)  must be in writing; and

                     (e)  must be in the prescribed form (if any); and

                      (f)  must be signed by or on behalf of the creditor.

             (3)  Unless the debt, or each of the debts, is a judgment debt, the demand must be accompanied by an affidavit that:

                     (a)  verifies that the debt, or the total of the amounts of the debts, is due and payable by the company; and

                     (b)  complies with the rules.

 

The key words above in each of the subsections are the words Must and AND.

The above requirements of the Act’s provisions are cumulative.  Skip any of the requirements and the consequences for the creditor’s demand is that it is potentially defective.

What happens next

Once a creditor’s statutory demand has been served upon a company, several things can happen:

  1. the recipient company pays the debt in full
  2. the company contacts the creditor and they negotiate a settlement
  3. the company applies to have the demand set aside – for instance if there has been a genuine disputing of the debt.
  4. the company does not respond, and the creditor applies to have it wound up

 

Next steps

If your company has received a creditor’s statutory demand, you have no time to waste.  Go straight to our “what to do next blog for further next steps – click here to book a consultation.

 

 

Call anytime on 1300-327123.

To view related blogs, follow the following category links and tags below.