Armchair snoop
Well-Known Member
- Joined
- Aug 5, 2016
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So this is permitted within the law!!!!!
What happens to People, not paid from previous company?
What about the Directors of new company, if same as old?
Can 'rorted' person from closed company, GET money via Director, of new company?
So, here, all the past debt is wiped, and now there is $1.4 million.
OK not all in business debt, but somehow personal debt is also a problem: businesses did not pay here.
Great businesses and book keepers.
So if latest company does well, these shifty business owners, can brag how successful they are!!
I think one thing we have seen from this whole sordid affair is that Borce is not much of a business man. How he has managed to survive all these years is beyond belief. He just seems to leave a trail of debt. I wonder what the new company was going to be involved in. Jeans and fashion are out, he's burnt that one. Pecan nuts are out, there is a glut on the market. Fur lined denim vests are so 1980's and there is little demand in the market for steel capped moccasins. Maybe spaghetti trees.