The Federal Magistrates Court, Brisbane ruling ordered the sequestration against Mark McIvor’s remaining estate.
It ruled the bankruptcy effective from October 22.
Mark McIvor was bankrupted by his former long-term lawyer and confidante, David Tucker, who once served on the board of Equititrust, over unpaid legal bills.
About 1400 investors lost all or part of their savings when the $260 million fund collapased.
His private assets, both residential and commercial, have been randomly sold off by mortgagees.
Its included his Cronin Island, Gold Coast place of residence and a house in Double Bay.