Two weeks later the oral charge was transferred to a written and registered charge. ABC fell over five months later, appointing Ferrier as administrator in November. Now Ferrier is trying to retrieve the money paid under the charge, which is no small feat (from a "food-chain" perspective rather than a theoretical perspective that is). Taking on the Big Four on behalf of small unsecured creditors is quite the act of courage and integrity for a major insolvency firm. They make most of their money from the banks and don't usually act against them. This is a case of an insolvency practitioner doing the right thing. A cynic might even say it merits applause. In Federal Court proceedings in 2010 brought by the Commonwealth Bank, which was trying to have PPB appointed as external controller in Willmott Forest over the incumbent, Justice Ray Finkelstein was asked "how many times PPB have been appointed by the Commonwealth Bank or voted in by the Commonwealth bank in administrations of one type or another?"