Who Wins Here ?
In life , we need to pay our bills . I'll start from that point . Occassionally , stuff happens , and most people work through things .
I was saddened to read in the weekend ( on Stuff ) about a guy called Lloyd Green . I don't know this guy by the way .
He owned a company called Great Barrier Rental Cars . He had owned it for 20 years . He refused to pay a mechanic somewhere between $5000-7000 , disputing the quality of the work . He was advised the day before it went to court that this guy was taking him to court -- apparently the papers were sent to his old address , which was his ex-wifes house . We can only guess what happened .
Anyway , the next day it went to court , he wasn't fully prepared , the Judge believed the other guy , or this Lloyd guy didn't put up a strong case , or whatever , and he was ordered to pay about $10,000 including the other guys legal fees . He lost .
He didn't/couldn't pay -- presumably part out of spite , but to be fair it does sound like he was short of money , so the Court ordered his business be liquidated . He was then ( at 57 ) out of work , with no income .
He committed suicide .
The business was liquidated . All the assets ( cars ) were sold . All secured creditors were paid . The liquidator billed $119,000 , but only got paid $78,000 as there was no more money . Unsecured creditors were $50,000 ( presumably including the $10k court ordered debt ) , and the IRD $7000 . That may be GST on the sale of vehicles , or it may have been owing for months , it isn't clear .
So one guy ( a divorced/seperated Dad ) is dead . The unsecured creditors and IRD are $57k out of pocket . But you will have noticed that the liquidator got $78k . Which means every debt , without her involvement ( the liquidator was a female ) , would have been paid . It is fair to assume that as a trading company , the debts could have all been paid , and this Lloyd Green would have still been alive . It may have taken time , and I accept we don't know the full circumstances .
But I also fail to understand how a business with $57,000 in debts can be charged $119,000 by a liquidator to 'wind it up' . She may argue she did her job and was paid the allowed rate for the hours worked , and that her job was made more difficult by the fact the guy had died . But surely common sense would kick in somewhere ?
Stolen Bike!
My sisters bike was stolen from the Chartwell shopping center on Thurs (yesterday). It's red frame, Giant, mountain bike with some locks attached, and quite expensive!!! If you have found it, please kindly message me~~
Do you think the city needs more affordable housing projects?
An affordable rental development has been left scrambling to secure funding after it was unexpectly turned down by central government.
Bridge Housing Trust plans to build a 42 apartment complex on the corner of Tristram and Liverpool Streets in Hamilton central over two buildings. The land is being donated by Perry Group, which currently owns both sites.
You can help grow the Waikato Community Rugby Fund
Waikato Rugby celebrated 100 years of service to the community in 2021, but due to the pandemic the long-planned celebrations were not held until late 2022.
A highlight was a black-tie event at GloBox Arena at Claudelands where over 300 people enjoyed a wonderful night of reminiscence, remembrance, reconnection and reflection on what our national game means to the Waikato.
Many people put a lot of work into making the evening a massive success by all sorts of measures. One was fundraising $21,000 for the good of the game through auctions and donations, which has recently been transferred to the Waikato Community Rugby Fund at Momentum Waikato.
The Fund grows in perpetuity, with distributed returns only used for the benefit of the amateur community rugby, forever.
Donations to the Waikato Community Rugby Fund are always most welcome, to find out more and donate click the button below.
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