Media release: NSW (DUNLOP) – Bankrupt found guilty of three offences under the Bankruptcy Act

Mr James Henry Dunlop, of Coffs Harbour, New South Wales, has been convicted and sentenced for three offences under the Bankruptcy Act 1966.

Mr Dunlop was declared bankrupt in November 2009.

In December 2009, Mr Dunlop sold a caravan for $4,500 and failed to provide those funds to his trustee, for the benefit of his creditors.

Mr Dunlop also failed to advise his trustee of the location of other assets.

Mr Dunlop pleaded guilty to the offence of removing property valued at $4,500 during his bankruptcy, and the offence of failing to comply with a direction by the trustee to deliver the proceeds from the sale of the property.

He pleaded not guilty to the offence of failing to fully and truly disclose to the trustee the location of certain assets. He was found guilty of that offence by Magistrate Walker.

Mr Dunlop was sentenced in the Coffs Harbour Local Court on 10 October 2016. For each offence he was sentenced to 12 months imprisonment commencing on 10 October 2016, to be released upon giving security to be of good behaviour for 12 months.

The Magistrate directed that all three sentences be served concurrently.

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