Jon Adgemis, definitely bankrupt
The failed publican is the poster child for Australia's private credit sector.
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Nothing happens quickly in Australia's financial system, but it's finally official: former playboy publican Jon Adgemis is an undischarged bankrupt. Honestly, I never thought Sanjeev Gupta would outlast him in the Olympic events of plate-spinning and fast-talking.
Fun fact: at $1.8 billion, Adgemis's personal bankruptcy comes in as the equal largest in Australian history, tied with Alan Bond's in 1992.[[Obviously, Bond's was much larger on an inflation-adjusted basis.]] It is 10 times the size of Christopher Skase's $172 million bankruptcy in 1991.
