Boral seeks lost debt

Written on the 16 November 2010

BORAL has launched Supreme Court action against Jacqueline Taylor just weeks after her husband David's death, leaving behind his young family and an estimated $7.5 million in debts.
The building products company, which has an annual turnover of almost $5 billion, wants the Taylor house sold to recover a $129,000 debt. Boral filed the Supreme Court claim against Jacqueline Taylor and her late husband’s estate last month, four days after liquidators were appointed to Taylor’s building company DTBS Pty Ltd, one of the Gold Coast’s biggest builders and a major sponsor of the Titans.
Boral claims the Taylors gave personal guarantees as part of a confidential credit agreement. Boral says the deal indemnified it against all losses, costs, charges and expenses and says it is owed more than $126,000 for materials supplied to DTBS late last year. It is also demanding almost $3000 in legal fees. DTBS’ 35 staff were sacked with the appointment of liquidators.


Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter