Teetering on a financial knife edge – it just takes one creditor to bankrupt Whangarei District Council. Could it be the contractor owed $6 million dollars? When assets have to be sold off to repay debt – this Creditor is looking at “Forum North” – you know longterm Councillors and all the others who were re-elected 2022 – should never have had anything to do with finances for a large business entity like Council.
Incompetence right there.
Google Jim Daisley’s story.
“Contractor Jim Daisley has got a court order that means he can apply to sell Whangārei District Council’s Forum North headquarters to recoup $6.1 million the council owes him following earlier High Court judgements.” – Northern Advocate/NZ Herald (online).