St Laurence receivership to wrap up with nothing from Podmore bankruptcy

Sun, 23 Dec 2012

By Paul McBeth Dec. 24 (BusinessDesk) - The receivership of failed lender St Laurence will probably wrap up with the last repayment to investors in March next year though nothing will have emerged from former boss Kevin Podmore's bankruptcy and his $20 million personal guarantee. Receivers Barry Jordan and David Vance of Deloitte are working to dispose of the firm's last loan over a recycling operation in New South Wales, though they didn't get anything substantial from the guarantee made by Podmore and backed by three of his companies, accor...

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