Warren Anderson homeless and bankrupt
Former property tycoon Warren Anderson became homeless on Wednesday and bankrupt on Thursday.
Anderson has lost his battle to overturn his bankruptcy, the day after he vacated Fernhill, his prized western Sydney rural estate.
The Perth federal magistrate’s court rejected his request to have the bankruptcy annulled after creditors owed more than $39 million blocked the attempt.
Magistrate Toni Lucev’s judgment suggested Anderson had not disclosed the full extent of his debts and had failed to co-operate with the bankruptcy trustee.
The Australian Financial Review noted it appeared Anderson had walked away from the bankruptcy proceedings as he failed to file a response to creditors and was unrepresented at the final hearing earlier this month.
According to court documents he claimed he had no income, no money in any bank accounts, no car and relied on family and friends for funding.
