Fair and equal justice for all?

[BoristheBiter]

shit you own. Except tools of trade and a car worth such and such amount IIRC. look up insolvency.govt.nz

the point here is this guy owns nothing. His wife does. and he is bankrupt thus untouchable. As long as he keeps onside with her, he is golden.

Wasn't there something about him putting it all in his wife name after this happened?

He must have been taking lessons off Hart.

[HenryDorsetCase]

Wasn't there something about him putting it all in his wife name after this happened?

He must have been taking lessons off Hart.

pure speculation on my part but they will have seen it coming.

What the OA will have to do is convince him or her self that there is no prospect of recovery, no voidable transaction blahdeblah. Not my field but the point of attach has to be when and how and for what consideration the assets were divested then what happened to the money.

If there is no realistic prospect of recovery then the OA has a duty to not tilt at windmills.

[neels]

a Law graduate is not a lawyer. I'm barely a lawyer and I've been doing it for 20+ years.

Lots of law grads have no desire whatever to be what you think of as a lawyer (in private practice at a firm dealing with private client matters). And who can blame them? A law degree is a toolbox. Primarily it is a way of framing questions and dealing with problems.

Bear in mind too that after you do the post-grad training you get admitted to the bar. There is a time and cost impost there. What that does is entitle you to call yourself a lawyer. Then you have to get a job, work your way up, do more post grad training and then become a principal in a firm. Then you get your hand on the cheque book. Theres a a fairly high attrition rate there.

Nothing like selling your profession as a viable career option to the younger generation Wonder if it's too late for my daughter to cancel her uni enrolment...

Wasn't there something about him putting it all in his wife name after this happened?

He must have been taking lessons off Hart.

If you start naming names of the dodgy ones who have everything in the wife's name when things go tits up, it'll be a long list.

Fortunately for these people, while they are still making (or, if you prefer, stealing) enough money, they can afford people to set their affairs in order so those they took it from can't get it back.

[BoristheBiter]

pure speculation on my part but they will have seen it coming.

What the OA will have to do is convince him or her self that there is no prospect of recovery, no voidable transaction blahdeblah. Not my field but the point of attach has to be when and how and for what consideration the assets were divested then what happened to the money.

If there is no realistic prospect of recovery then the OA has a duty to not tilt at windmills.

I would go and find some "hard hitting fuckers" and ask polity to sign the house over to me.

[jasonu]

...funny story for ya's

I had a lawyer "try" to charge me over 5 grand for "legal services"...funny thing is, he lost all the paper work and screwed the case up royaly!...BUT...so did the other guys lawyer, we ended up settled the matter over a beer an Yak. (against our lawyers..."advice")
I then got a bill for over 5g...so I took four very large!...very scary! looking mates up to the lawyers office...to see if he would sign a wee letter stating that he's bloody useless, and will naturally wave all fees.

...he signed it pritty damned fast! ....And I never heard from the maggot ever again )
!!

I call bullshit on that.

[oldrider]

Mmmmm... well the education I allegedly got on your taxpayer dollar, is what I'll be using to pay your pension and the upkeep on your utilities when you're no longer employable, grandad. If you don't think that's a fair trade, you're more than welcome to die before you become a burden.

And thats appreciated as I am no longer employable now! Dying? Yeah, well I'm working on that and at least I am making progress ... how well are you doing?

[imdying]

We're all dying mate, please don't work on it too hard.

[SPman]

I call bullshit on that.

I've heard of it happening in the construction trade (different circumstances) from very reliable sources and provenances, so I've no doubt it could well have ocurred!

[HenryDorsetCase]

Nothing like selling your profession as a viable career option to the younger generation Wonder if it's too late for my daughter to cancel her uni enrolment...

.

Its not too late for her to do something useful with her life. Dentistry. Be a vet. An accountant even* A scientist! A welder!


*yeah maybe not.


Lots of people think this job is glamorous, well paid, and fabulous. It isnt. What I tell all our new staff is "We're plumbers son. Roll your fucking sleeves up and get your hand down the u-bend because we get paid to deal with people's shit". Plus its stressful, hard on family life and occasionally you want to strangle people.

Its too late for me but not for her!

[HenryDorsetCase]

I would go and find some "hard hitting fuckers" and ask polity to sign the house over to me.

and they will call the police who will immediately attend. (It is Grey Lynn) and arrest the people threatening. Justifiably too.

[HenryDorsetCase]

Fortunately for these people, while they are still making (or, if you prefer, stealing) enough money, they can afford people to set their affairs in order so those they took it from can't get it back.

one of the interesting developments in trust practice over the last few years is called the "Hotchin clause".

Its pretty easy to focus on this fuckwit right, but lets be realistic: he only ripped off one couple of $.5M. There is a schadenfreude aspect to it (which I am not exempt from) but compared with, say, the legalised rort that was SCF, the finance company collapses and the gross amounts of money made prior and after by those guys it is chicken feed. Plus only a very very small percentage were ever charged with anything, much less convicted.

[rustyrobot]

I still don't get the justification for the SCF bailout. The government never gives me my money back when my lotto tickets don't win.

[awa355]

And thats appreciated as I am no longer employable now! Dying? Yeah, well I'm working on that and at least I am making progress ... how well are you doing?

Know the feeling, as I have told others, " Growing old is a life skill you young buggars haven't learnt yet ".

[HenryDorsetCase]

I still don't get the justification for the SCF bailout. The government never gives me my money back when my lotto tickets don't win.

You aren't "too big to fail" and government guaranteed (P and I!) up to a million.

It seems crazy now. and of course the influx of money pumped it up HARD so when it burst it was even uglier.

[BoristheBiter]

You aren't "too big to fail" and government guaranteed (P and I!) up to a million.

It seems crazy now. and of course the influx of money pumped it up HARD so when it burst it was even uglier.

If i knew high interest/high risk meant getting bailed out by the tax payer i would have put everything in there.

Same as we (the tax payer) are paying 50% on non insured homes in the red zone.