Do we know for a fact that this was WM personal bakruptcy?
Corporate Bankruptcy does not equal personal bankruptcy.
Canada - Timothy Bosma, 32, Hamilton Ontario, 6 May 2013 - #6 **ARREST**
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Do we know for a fact that this was WM personal bakruptcy?
Corporate Bankruptcy does not equal personal bankruptcy.
I believe Millardair inc. filed for bankruptcy.
Personal assets of the CEO or other executives do not count against incorporated companies debts.
I felt it too in Norfolk County, ON. :scared:
Here are some details of the hangar cost and who built it. $6.4 million
http://metronews.ca/news/kitchener/674559/dellen-millards-hangar-from-jetliners-to-police-tape/
http://metronews.ca/news/kitchener/674559/dellen-millards-hangar-from-jetliners-to-police-tape/
SnooperDuper
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A few have questioned lawyer DP's experience defending murder...he has at least 3 murder cases showing up in the news archives, JS, MP and BL...all cases have ties to the se asian community in Brampton; there is also a case involving street racer ND who killed someone as well
But I thought in a bankruptcy, you have to list all your assets in order to qualify ? is other companies would be listed as assets.. also, he would have to list all his debts.. His debts would ahve had to been higher than his assets in order to qualify... Also, filing a bankruptcy you can't pick and choose your debts, you have to list them all...
PurrphectWorld
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No you would have to understand business law. His was likely a Limited (Ltd) company...means all liability and debt is contained to the assets of the business and any personal assets of the executive are separate.
PurrphectWorld
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:floorlaugh:
PurrphectWorld
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Thanks ...lol.lol
PurrphectWorld
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This whole case has been so draining I needed some comic relief to keep my head screwed on.
Only true if we are talking personal bankruptcy and i highly doubt that was the case.
Chances are there were multiple corporations owned and operated by the family. One of them might have gone bankrupt. Only the assets of that corporation would be at risk during a bankruptcy filing and could be liquidated to take care of whatever liabilities. The owners of that corporation would not be personally liable for the debts of the corp., unless there was some sort of illegal activity for instance.
Otherwise, the owner would just be another employee who losses their position and whatever shares maybe outstanding. Obviously corporate bankruptcies can be quite complex but chances are a seasoned businessman like WM, probably knew what he was doing.
jash
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I remember seeing those photos as well. Not sure if it was the same event, but there was also a photo of a flyer for a party for AM's and someone else's birthdays that was to be held at the hangar.
In the past, DM seems to have been generous with providing access to the hangar and his "toys". Wonder if any of that had changed recently (because he had things to hide).
Maybe it was the result of him hitting rock bottom (finally):facepalm:
wow had a few busy days and got way behind on these threads!
First I wanted to address the time DM and others arrived at the home of TB for the test drive. Yes it was late, and dark ( I'm guessing TB's wife probably didn't get the best view of them hence the limited description from her)
You might say you wouldn't do a test drive under those circumstances but you don't know the situation enough to say that. For one yes, TB was probably a very trusting guy, but at the same time, they probably explained in the phone call why they wanted to come so late e.g. maybe they said they could only come after work, and they'd be traveling from Toronto so that was the earliest they could get there. Period, no more suspicion of the timing of the test drive correct? Not so strange, and if that was the case, what was TB supposed to do? No you can't come that late? And lose out of the sale of a truck he was trying to sell?
about his previous relationship with DP, his lawyer since he said he wasn't a previous client ( I think?), maybe he was the lawyer of a friend and met him while his friend was being represented.
and lastly on my mind, was the deal with the incinerator. I was thinking if the farm previously was home to farm animals with the old owner, isn't' it possible the incinerator was just a part of the purchase of the land itself? If the person selling the farm had animals, and the need to dispose of the dead ones, he probably didn't need that equipment anymore and just left it, included in the purchase to DM. Unless it's been proven somewhere that DM did indeed purchase the incinerator separate from the purchase of the farm?
First I wanted to address the time DM and others arrived at the home of TB for the test drive. Yes it was late, and dark ( I'm guessing TB's wife probably didn't get the best view of them hence the limited description from her)
You might say you wouldn't do a test drive under those circumstances but you don't know the situation enough to say that. For one yes, TB was probably a very trusting guy, but at the same time, they probably explained in the phone call why they wanted to come so late e.g. maybe they said they could only come after work, and they'd be traveling from Toronto so that was the earliest they could get there. Period, no more suspicion of the timing of the test drive correct? Not so strange, and if that was the case, what was TB supposed to do? No you can't come that late? And lose out of the sale of a truck he was trying to sell?
about his previous relationship with DP, his lawyer since he said he wasn't a previous client ( I think?), maybe he was the lawyer of a friend and met him while his friend was being represented.
and lastly on my mind, was the deal with the incinerator. I was thinking if the farm previously was home to farm animals with the old owner, isn't' it possible the incinerator was just a part of the purchase of the land itself? If the person selling the farm had animals, and the need to dispose of the dead ones, he probably didn't need that equipment anymore and just left it, included in the purchase to DM. Unless it's been proven somewhere that DM did indeed purchase the incinerator separate from the purchase of the farm?
nitsirk
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Check the media and timeline thread
[ame="http://www.websleuths.com/forums/showthread.php?t=209336"]Canada -Timothy Bosma, 32, Hamilton Ontario, 6 May 2013 *Media links/Maps" - Websleuths Crime Sleuthing Community[/ame]
Was it ever determined if WM and his wife went through a divorce? Maybe that had something to do with the bankruptcy claim... No I guess that was before WM took over from his father.
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