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Old 30-09-2012, 07:00 AM   #1
buggerlugs
If it ain't broke........
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Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,791
Default Owe 70 million, Pay 70 thousand !!

http://www.sunshinecoastdaily.com.au...ers-good-deal/
Ok, here's the story. This guy is the son of a very wealthy developer. Started his own business. It goes belly up. He owes more than 70 Million dollars, yes 70 Million. Creditors accept 70 thousand and he does not become a bankrupt and can still develop !!!! Am I missing something here ???

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