A self-help entrepreneur who paid herself more than $1 million from her company before it collapsed is still being pursued by unpaid creditors, even as she showcases an extravagant overseas lifestyle online.
Former reality television personality Felicity Morgan, who describes herself as a “multi-million-dollar entrepreneur” and “business savage”, failed to settle substantial debts owed after her company, Felicity Morgan Coaching, went into liquidation last year.
The Cronulla-based business, in Sydney’s south, accumulated almost $1 million in unpaid liabilities, including close to $800,000 owed to the Australian Taxation Office and more than $100,000 outstanding to Mercedes-Benz Financial Services Australia.
Ms Morgan, 36, also received a $1.08 million loan from the company. Liquidator Stephen Hundy previously told creditors he had yet to receive a formal response to demands that the money be repaid.
ASIC records reviewed by the Daily Mail this week show the company still owes more than $900,000 to three unsecured creditors, after recovering just $24,678.63 in the year since liquidation began.
Of that amount, more than $5,700 came from a refund issued by company vehicle provider Orix Australia. Another $16,500 was received through an upfront indemnity, while $2,237 was recovered from GST payments.
The liquidator’s documents state that the indemnity—essentially a contribution towards the costs of administering and investigating an insolvent company—was supplied by a person listed only as “Matthew Ronald Cam”.
Once Mr Hundy’s fees and other expenses had been paid, the company’s bank account contained just three cents, the records show.
Felicity Morgan’s coaching business collapsed last year with almost $1 million in debts (pictured with her husband, Sydney businessman-turned-influencer Matt Cameron)
The self-styled business guru built her public profile by promising to help clients succeed in their personal lives and careers
Documents filed by the experienced insolvency practitioner on October 20 also show that he is still owed $3,151 in remuneration.
Mr Hundy has forecast no further recoveries from the company’s assets, although he continues to pursue the director’s loan account and other potential avenues of recovery.
In an earlier report to creditors, he said he had been unable to identify any other assets connected to the company, including vehicles, additional bank accounts or security interests.
Contacted by the Daily Mail on Thursday, Ms Morgan said: “I have been and remain in full cooperation with the liquidator. Have an amazing day.”
The developments come after Ms Morgan, whose legal name is Felicity Ludlow, recently told her 170,000 Instagram followers that she was preparing to launch a $32 million project with her husband, Sydney businessman-turned-influencer Matt Cameron.
The couple live in Bali with Ms Morgan’s two children and claim to be “worth millions”. Their social media accounts regularly feature self-improvement advice and tax commentary filmed at luxury villas or while travelling in business class.
Mr Hundy previously concluded that the company had become insolvent more than a year before its collapse. He said Ms Morgan attributed the failure to “a downturn in the industry and economy”.
An ASIC report previously obtained by the Mail showed the business recorded a net profit of slightly more than $1 million in the 2023 financial year, followed by a net profit of $367,639 in 2024 and a net loss of $747,703 in 2025.
Ms Morgan first came to public attention in 2016 on Seven’s reality series Seven Year Switch, appearing alongside her former partner and the father of her children, Mike Van Nimwegen
Ms Morgan’s husband Matt Cameron appeared on The Karl Stefanovic Show earlier this year, promoting his views on how Australia’s tax system is sending families and investment offshore
READ MORE: Macron Has a Secret Bunker Outside Paris, New Book Claims
Mr Cameron said his young family had been forced to leave Australia and would never return
Thousands of people have viewed Cameron’s video announcing his family’s move overseas
The company recorded an additional loss of $22,803 between July 1, 2025, and its liquidation date in September that year.
Ms Morgan, who appeared on the 2016 season of Channel Seven’s Seven Year Switch with Mike Van Nimwegen, has since developed a substantial online following as a personal development coach.
Much of her work centres on “shadow work”, a form of self-exploration focused on identifying unconscious beliefs and emotional patterns. She also operates the Shadow World brand, which includes a subscription app and online platform.
“I learned how to catch my patterns mid-activation and choose differently before they completed. That’s what built the life I have now,” her website states.
“The healthy relationship. The business. The version of myself I’m actually proud of. Not therapy. Not processing. But real… raw… in-the-moment… pattern interruption.”
Mr Cameron recently appeared on The Karl Stefanovic Show, where he discussed his belief that Australia’s tax system is driving families, jobs and investment offshore.
After discovering Ms Morgan had received a $1.08 million company loan, liquidator Stephen Hundy (pictured) demanded that she repay the money
This week, he claimed the couple—who run a Bali-based property development business—spend more than $500,000 a year staying at luxury hotels, resorts and wellness centres around the world.
“We call it research,” Mr Cameron, 49, wrote in a social media post alongside a laughing emoji.
“We study everything. What works, what doesn’t, and what we can bring back to Bali.”
In September, he also shared what he described as strategies used by “the wealthy” to “hide money from the ATO”.
Four days later, another post saw Mr Cameron criticise the Australian government, claiming it had forced his family to leave the country in search of a better life.
“Why the f**k would we choose to pay some of the highest taxes in the world? The truth is, we didn’t make the choice to leave Australia. The Australian government made the choice for us,” he wrote.
“They made staying harder than leaving. For what? Medicare? We could buy a fucking hospital for what we pay in tax.”
An ATO spokesperson declined to comment, citing taxpayer confidentiality obligations.
The Daily Mail has contacted Mr Hundy for comment.
– READ MORE: The eye-watering debts owed by “business savage” life coach Felicity Morgan’s company revealed in a damning dossier—as her forgotten former life emerges and her husband launches another attack from Bali
– READ MORE: Inside the marriage crisis engulfing the STAX founders… Plus, the millionaire boyfriend missing from a socialite’s hot-girl summer—and the Bali wealth guru accused of rewriting his past