Christopher Skase has resigned as chairman of Qintex Australia Ltd. – a move he claims was prompted by the bankruptcy receiver’s inability to clip the company’s debt. However, he has not forfeited his chairman’s post at Qintex Entertainment, U.S.-based subsid of the bankrupt parent also under federal court protection from its creditors.

“Officially, he’s never left this company, but then again he hasn’t attended any board meetings in quite some time,” said Qintex Entertainment prexy John Lloyd. Lloyd said he hasn’t seen Skase since Oct. 19,1989, “when our board decided to seek Chapter 11 against his wishes.” Qintex Australia was forced into bankruptcy receivership two weeks later.

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