Mark McIvor Source: Supplied
THE founder and former boss of collapsed Gold Coast lender Equititrust, Mark McIvor, is bankrupt.
Registrar Heather Baldwin, from the Federal Magistrates Court in Brisbane, today ordered that a sequestration order be made against Mr McIvor's estate.
She ruled Mr McIvor's bankruptcy is effective from October 22.
Mr McIvor, who put his $5 million Double Bay house on the market in July, was bankrupted by his former long-term lawyer and confidante, David Tucker, who once served on the board of Equititrust.
The pair fell out when Mr Tucker was removed from the board of Equititrust which was in the business of lending money to property developers.
About 1400 investors lost all or part of their savings when the $260 million fund went bust last year.
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