Judgement Debt - What now?
Mar 5th 2009, 9:15 am
#1
Living on the Gold Coast
Thread Starter
Joined: Jul 2007
Posts: 281
Judgement Debt - What now?
Hi All
My husband recently received a determination/judgment in his favour from the employment relations authority for unpaid holiday pay and statutory days against a previous employer.
It seems that its not worth the paper its written on
This ex employer is claiming financial hardship and is offering $50 a month.
Funny though, that he can afford tickets for fishing competitions at $200 and car stereos at $150 (His Trade Me account).
Our barrister says that the quickest way of getting the money is to declare him bankrupt but this is going to cost us $4500 +GST! and then apparently we will only be able to claim about $1500 of these costs back.
He is a director of 3 companies and seems to have a lot of his assets tied up within these companies.
We don't know what to do now. Does anyone have any advice or similar circumstances that they can relay?
Its extremely frustrating as its taken over 2 years to get to this stage.
My husband recently received a determination/judgment in his favour from the employment relations authority for unpaid holiday pay and statutory days against a previous employer.
It seems that its not worth the paper its written on
This ex employer is claiming financial hardship and is offering $50 a month.
Funny though, that he can afford tickets for fishing competitions at $200 and car stereos at $150 (His Trade Me account).
Our barrister says that the quickest way of getting the money is to declare him bankrupt but this is going to cost us $4500 +GST! and then apparently we will only be able to claim about $1500 of these costs back.
He is a director of 3 companies and seems to have a lot of his assets tied up within these companies.
We don't know what to do now. Does anyone have any advice or similar circumstances that they can relay?
Its extremely frustrating as its taken over 2 years to get to this stage.
Mar 5th 2009, 2:37 pm
#2
BE Enthusiast
Joined: Apr 2007
Location: Was East Sussex, Now Titirangi, Auckland.
Posts: 771
Re: Judgement Debt - What now?
I'd love to suggest a lot of things but dont think any of them would be legal
