The ex-wife of former Billabong CEO Matthew Perrin’s will reportedly get to keep their mega-million dollar Gold Coast home after a Queensland Supreme Court found that Mr. Perrin forged his wife’s signature (and his brothers) when he put their home up as security for a $13.5 million loan, according to a story in the Sydney Morning Herald.
The Queensland Supreme Court ruling means the Commonwealth Bank cannot enforce its mortgage over the couple’s Gold Coast mansion or enforce personal guarantees against Mr Perrin’s wife, Nicole Bricknell.
Note to future bankruptcy planners: when you put the house up against a loan, remember to forge your wife’s signature. Click here for previous coverage of Matthew Perrin’s financial downfall.
[Link: Sydney Morning Herald]
