Sydney Hotels up for Sale as Pub Baron Jon Adgemis Seeks Bankruptcy

Sydney hotels up for sale as pub baron Jon Adgemis seeks bankruptcy

The former management consultant came unstuck after rapidly expanding his collection of Sydney pubs.

Pub owner declares bankruptcy after $1.8bn debt

Sydney pub baron Jon Adgemis has declared bankruptcy owing $1.8bn, just one day before the tax office planned to pursue him over a $162m bill.

Sydney would-be pub king Jon Adgemis declares bankruptcy

The dashing businessman abandoned a deal that would have repaid creditors 0.14 per cent of the $1.8 billion they are owed.

‘I take responsibility’: Jon Adgemis declares bankruptcy

Beleaguered publican Jon Adgemis has declared bankruptcy owing more than $1.8 billion. “I accept the process now in place,” he said.

ATO seizes charge of Jon Adgemis’ $1.8 billion bankruptcy after court ruling

Pub magnate Jon Adgemis has officially lost control over his bankruptcy, after the Federal Court rejected his last-minute attempt to self-declare bankruptcy and instead issued its own sequestration order, allowing the Australian Taxation Office (ATO) to take charge of the process. Adgemis, once a high-flying dealmaker at KPMG, had been fighting to avoid formal bankruptcy proceedings amid debts exceeding $1.8 billion, including $162 million owed …

Public Hospitality’s Jon Agdemis declares bankruptcy owing $1.8bn

Five Sydney pubs and accommodation venues have been placed into receivership, marking the latest development in the breakdown of Public Hospitality.