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After reading many posts by Lightning Jack, I would like to make some comment on GBC's capacity to successfully conduct himself in business and finance management (both cashflow and assets).
The CV tendered to the court stated that GBC received a TE score of 900. A ranking you get when you matriculated/graduated from high school (Year 12 in Qld). For those "not in the know", the TE score pre-dated the OP score here in Queensland. The highest TE score was 995 and it incremented downwards in points of 5. You pretty much needed a TE score of 995 or at least 990 to get into study medicine. 980 ish upwards would get you into law. The point I am making here is that a TE score of 900 is pretty low down the food chain in the way of academic merit. I could believe someone with that score might be able to do an accounting degree but I would be absolutely astonished to hear of anyone with a score that low having the capacity to go on to get e.g. CPA.
I have commented earlier that the Brookfield Road home had been rented for six years. I accept that many choose the path not to enter home buying, but that seems completely out of character for anyone who works in the industry. So ... that tells me that there was not the means to purchase a property. Perhaps even prior to renting this property, there had been a forced sale of property/assets.
The logical extension of that (IMO) is that this family had escalating debts which had accumulated over many years and perhaps reached their heights, particularly after a large post-flood (2011) market downslide. To me that makes $1M in debt a biggie.
Lightning Jack is very dismissive of scale or severity of the GBC debts that have been put out in the media. My thinking is that this is completely off base. We are talking about someone who not so long ago drove around in a Lexus (all FLASH, no CASH). Indeed any accountant I would engage would tell you quick smart that a motor vehicle is one of the fast depreciating assets you can own.
Did GBC have any business savvy? (IMO) Definitely not.
Was it likely he found himself in a DIRE financial position? (IMO) Definiately so.
Someone's probably already said this, but the TE scores went up to 990, not 995! And 900 was enough to get into Civil Engineering at UQ which is a very hard course. It all depends on its popularity. GBC went to a TAFE (DDIAE) so it would have been a lot less of a TE score to get into that than a Uni.
Also, my brother got a TE score of 880 and became a teacher. Since then he has gotten a masters and a doctorate (actually through the old DDIAE).