Meet Terry Paule

The "If it didn't happen, you wouldn't believe it" not only continues but gets crazier!

So Terry tried again to do a PIA (Personal Insolvency Agreement) by going back to the court with yet another statement of affairs. Let's just say it had all the structural integrity of a chocolate teapot in a microwave.

Some highlights of the judgement handed down:

"A factor central to Burley J’s findings was the degree of inconsistency in Mr Paule’s evidence about his asset and liabilities position." 

"Mr Paule was cross-examined before Burley J on his evidence and it is fair to say that this did not go well for him. His Honour made strong adverse credit findings against Mr Paule, for reasons that are compelling."

"I consider that Burley J correctly concluded that Mr Giasoumi cannot safely proceed on the word of Mr Paule alone. In my view, the integrity of the Part X regime is in serious doubt with him as the debtor."

"That is worsened by the absence of candour and honesty on the part of Mr Paule, already discussed above."

"The strong impression that I have gleaned from the above evidence and the other material before me is that Mr Paule is likely to be quite prepared to engage in misleading and even outright dishonest behaviour if he perceives that to be a way of advancing his interests. This could extend to his statements, his actions, the contents of the documents he signs and the facts and circumstances that he deposes to."

You can read the whole judgement here:  https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2026/2026fca0133