followers 17 popularity
24
following 17
Groups
PeterJackman is not in any groups

Interests

Born in the UK, came to New Zealand over 30 years ago.. Here is a list of current business interests... Firewood Sales, Firewood Storage, Firewood Sources, Advertising Firewood Online, Internet Marketing, Website Creation, Blogsite Creation, Ready made Blogsites, Selling and Buying Physical items Online, Free Online Dating, Finding and Dealing in Fossils Online and Offline.
Peter Jackman | PeterJackman

I WORKED for a BANKRUPT!

Nov 21st 2011 at 1:08 AM

I WORKED for a BANKRUPT!

This can happen to you, but lets hope not…I wrote on Debt management on my last Post and thought I would continue with that theme.

I worked under a Builder who was Bankrupt!!!!

How was he still building? you ask? Well he had his accountant running his business under his instructions….

I told him “no pay on Friday, Sat, Sun… I don’t come on Monday”

Thats how I worked it, you just cannot trust people like that to pay you!

He handled his debt by going for bankruptcy but still had a Business running under the radar of rules etc of being a bankrupt person.
One of the things that happened while I worked for him was a Blocklayer came around to see my boss, he said “when are you going to pay me?”. My boss (the bankrupt) said “you havn’t done a good job, its faulty workmanship, I’m not paying you!”.
I looked over (I was building a fence) at the house which was sitting on this guys blockwork, the house was for sale already so how could the blockwork be faulty to any great degree I thought.
This was a pattern that cropped up time and time again, any excuse is used not to pay!…. another pattern in this country (New Zealand) is rack up huge debt with a local supplier and then start another company while the suppliers try to get their money out of the first company. Of course the first company goes broke fast, assets get sold and then somebody from the original company try to buy their own assets back at a cut price!!! Sound crazy, under hand, wrong, its happens….

I wrote the above because it happened to me and I thought it would interest others...Taken from my iblog from VN Viral Networks

Peter Jackman

2 comments
Please to comment
Nov 26th 2011 at 11:07 PM by PeterJackman
That happened quite a few years ago, but it was out of the norm, that is why I wrote about it...In that same period I worked for a developer in interesting circumstances..thanks for your comment
   
Nov 26th 2011 at 8:08 PM by LonnieG
Hope you have been able to find folks of good repute in more recent times. ~LonnieG
   

sign in

Username
Password
Remember Me


New to IM faceplate? join free!

Lost Password? click here