December 08, 2022

Nightcap Phoenix Rises Again in Qld Federal Court

During the winding up of the company Wollumbin Horizons in Qld Federal Court, Vincent's liquidator Steven Staatz watched the phoenix fly when he sold the contested property to Nightcap's NCV Enterprises for $2 million.

The contested property at 3222 Kyogle Road, Mount Burrell, was sold by the liquidator in 2020, but most of the 37 claimants heard nothing until, more than two years later in November 2022, we were served with an interlocutory application filed by the liquidator in Qld Federal Court.

Steven Staatz is seeking orders for payment from the proceeds of sale of the land to himself first, in priority to supposed beneficiaries. If his application is approved by the Court, the proceeds from sale of the property and interest gained, as Staatz sat on the funds for more than two years, will be almost entirely disbursed to the liquidator and the lawyers. 

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