| Re: RF Update
Anyone on the forum know what kind of house/property Robert has in Austalia? He transferred his house into his wife's name a few months ago - apparently he began some personal planning when it appeared things were going bad. If we have to go after his personal assets, I'd be interested to know the approximate value of the real property. The law allows, depending on the circumstances of the business actions during the last few months, that creditors can go after personal assets of the director(s) of the company.
If you're uncomfortable posting an answer publicly, please PM me.
Sorry to be blunt, but the good times are over.
Also - read the post prior to mine carefully - note that it says "should my appointment be confirmed....". These administrators were presumably not selected by the creditors, more likely they were appointed by Robert's lawyers. Come tuesday, we'll see what administrators the Creditors want to have appointed. It would appear when the party involved has a say in selecting his own administrators, they too often turn out to be "too favorable" for the involved party (Robert in this case). When creditors have a say in selecting the Administrator, he'll tend to have a more critical view.
Mitch D |