He was described as a “whizkid Gold Coast lawyer who made his fortune in the public float of the Billabong surfwear group” but yesterday Matthew Perrin (pictured right in a 1996 photo) “filed for personal bankruptcy with Insolvency Trustee Service of Australia” according to as story in The Australian.
Mr Perrin and his family, which includes three children, live in a double-block mansion at the exclusive Cronin Island on the Gold Coast, worth more than $10 million, which is not included in the list of his assets. . . .”The house is not in this,” Mr Starkey said, noting that “most solicitors put their houses in their wife’s name”. . . .A statement issued yesterday by Mr Perrin’s solicitors, Minter Ellison, said the bankruptcy had been triggered by “the significant investment made by Mr Perrin and those entities that he controls in a supermarket and property group located in the Xian and Hunan provinces in China over a period of more than three years.”
Looks like Mr. “Noexcuses” has a couple pretty good ones now. It is nice to know that this time his financial foibles have nothing to do with Billabong.
[Link: The Australian and Herald Sun]
