Warren Anderson seeks to overturn bankruptcy and stay put

Jonathan ChancellorAug 11, 2011

The Western Australian property developer Warren Anderson has commenced proceedings to overturn his recent bankruptcy and thereby seeking to avoid or delay eviction from his sprawling Fern Hill estate on the outskirts of Sydney.

Anderson says he is a tenant at Fern Hill paying a $479,000 annual rent.

A Federal Court hearing has been scheduled for September 5, according to the Australian Financial Review

The outcome of the hearing will determine how long he can remain at the colonial estate, which is currently listed for sale by receivers of the Anderson family trust through Colliers International. 

Anderson is arguing the June bankruptcy was based on an "invalid personal guarantee."

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.