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Old 5th Nov 2010, 12:51
  #40 (permalink)  
Flying Bear
 
Join Date: Jan 2002
Location: In God's Country
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For those with an interest in the matter, it would seem as though PB has submitted an application to the Court to divorce himself of the liabilities of FTA.

For the creditors this means essentially that he will personally walk away intact despite his destruction of the place, no strings attached, with whatever he has shuffled off into super funds, etc and all the Company staff owed money / super, etc and other creditors will get is the pickings of the FTA assets - of which there is SFA besides a clapped out C340...

Kinda funny how it works - no responsibility for his actions leaving others to carry the financial hurt and I'm sure his view looks great from the QANTAS Airbus cockpit...
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