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 ?
Turn downsizing stress into strength
Downsizing can open the door to a new stage of your life that is rich in opportunity. However, it can be a daunting prospect. If you are embarking on a new chapter of life, the thought of shedding familiar possessions can feel even more stressful. This can be true even if the life changes are a good thing, such as a move to somewhere you will love to live.
Once you understand why you have this feeling, you can reframe it as creating a new environment that will support your present life while reminding you of your best experiences.
Click read more for the full article.
Waikato River art
Sharing with you my latest painting of the river!
Briefly Abide, acrylic on linen, 40 x 30 cm, by Rosanne Croucher Art.
Available at Inspirit Gallery in Tamahere.
Does anyone know where this spot by the river is?
Wondering what's the latest on the Sleepyhead development?
A massive company town development that would allow bedmaker Sleepyhead to move its workforce out of Auckland to Waikato has hit a snag... over where to put the poo.
The inability to hook up to a fully compliant Huntly wastewater treatment plant could slow progress at Sleepyhead Estate’s major Ohinewai industrial and housing development site, a local councillor warns.
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