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Letters, feedback, get it off your chest: 13 January 2010

Tuesday, 22 December 2009
By Print21

Phoenix risings set some readers alight with indignation.

 

Re: Industry turns up heat on pheonix risings

Thankfully I am out of the industry these days, but I have to say that when creditors are prepared to accept a minority payout when a company goes belly up, instead of pursuing the scoundrels through to bankruptcy, they are only providing encouragement for them to do it again.

One particular culprit comes to mind … she runs a printing company at Brookvale. I am told that and her creditors accepted 10c in the $ and then she just kept on in business. I wasn’t affected fortunately, as I had previously taken this operator to court and won, about a year before it all fell in a heap.

If paper companies are so desperate that they are prepared to take such losses and continue doing business with the same scoundrels then you have to ask yourself, is the pain not partly self-inflicted?

There is a saying … "If you lie down with dogs, you get up with fleas." A "Name and Shame" website would be one way to deter such operators and provide some protection for other suppliers. But it requires the assistance of Government so that no one is unfairly defamed and those who are named are not able to sue for damages.

There are also reforms required with regard to the operation of liquidators who simply shuffle paperwork until all the remaining funds have been exhausted and the creditors end up getting nothing. These firms, in my view, are just as crooked as the defaulters.
Regards,
Steve de Vroom
Amazing Faces

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It’s about time that these phoenix rising stars are brought back to earth and are made accountable for the debts that they inccur with no intention to pay.
They appear to go round and round with total immunity and contempt.
Geoff Boyton
Litho Electronics
Sydney

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