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Liability insurance... The alternative...

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Created by BennyB12 > 9 months ago, 2 Aug 2012
BennyB12
QLD, 918 posts
2 Aug 2012 7:45PM
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Start a corporation, put everything you own on the books then when you screw someone, deny all responsibility, claim personal bankruptcy to avoid financial doom and start again. It's what rich people have been since money was invented and there's some great tax breaks available to boot..
Disclaimer: I haven't completely researched this and don't really know what I'm talking about.

stamp
QLD, 2800 posts
2 Aug 2012 8:02PM
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you're right about one thing: you don't know what you're talking about

woodys
WA, 218 posts
2 Aug 2012 6:35PM
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Works for the Woollards

tmurray
WA, 485 posts
2 Aug 2012 7:00PM
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Even easier is to make sure that you and your family have no assets at all. Or any income for creditors etc to claim from. This works not only in protecting you from legal actions, but also absolves you of responsibility for many smaller bills. Worst case scenario is getting taken to small claims court and getting ordered to pay off debt at the rate of $5-10 / month for several years, but you can easily claim 'hardship' and get out of this too.

Many of Peths Eastern suburbs locals are experts in this strategy, displaying a remarkable knowledge of finer details of the law despite barely knowing how to read or write.

BennyB12
QLD, 918 posts
11 Aug 2012 5:12PM
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Cant believe I got red thumbed... bunch of do gooders...wheres your fighting spirit?

wdric
NSW, 1625 posts
11 Aug 2012 11:18PM
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BennyB12 said...

Cant believe I got red thumbed... bunch of do gooders...wheres your fighting spirit?


Your approach would not be a fighting spirit
The person you ran over and needs to dig deep to overcome many challenges they will now have forever will need a fighting spirit!
Or the small contractors that will loose their family home because some person didn't man up and thinks it is smart to abandon their responsibilities for their own actions and hide behind a bankruptcy!

You got red thumbed because it is a cowardly act and not to many people would be proud to say in public they have friends or family that actually setup their life in preparation for such events just so they can lead a risky life

Just because scum bags do it don't make it right

BennyB12
QLD, 918 posts
12 Aug 2012 7:56AM
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Mooohooohooohoohahahaha!!



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Forums > Kitesurfing General


"Liability insurance... The alternative..." started by BennyB12