Media release: NSW (Bliss): Two year good behaviour bond for offences against the Bankruptcy Act

Mrs Leonie Bliss of Albion Park, New South Wales, was convicted on 10 August 2017 after pleading guilty to two offences of disposing property, namely shares, with intent to defraud her creditors.

Mrs Bliss filed for voluntary bankruptcy in April 2013. On 10 April 2013, eight days before filing for bankruptcy, Mrs Bliss transferred a parcel of shares with a value over $9,000 to her husband.

The day after becoming bankrupt, Mrs Bliss transferred a second parcel of shares with a value of $3,400 to her husband.  

The share value was subsequently converted to cash which was deposited into Mrs and Mr Bliss’s joint bank account.

After a number of requests from the trustee for payment of the proceeds from the sale of the shares, Mrs Bliss eventually paid approximately $12,000 to her bankruptcy trustee.

Mrs Bliss entered a guilty plea at Albion Park Local Court. She was convicted and released on a two year good behaviour bond in the sum of $1,000.

The matter was prosecuted by the Office of the Commonwealth Director of Public Prosecutions on behalf of the Australian Financial Security Authority.