Nick,
The brochuire starts out well, ie; "Your about to be ripped off", but the
creditors you plan to give this to will expect you to tell them how to avoid
that problem. You only state they should change laws (not helpful to them).
That sort of implies it's too late. You should give suggestions on how to
avoid being ripped off before at all.
If I had been given this I would expect a series of bullets points on things
to;
o look out for,
o ideas on selecting/rejecting the company choice of Administrators,
o why the company choice is not in my best interest (you do cover this but
not as part of a set of tips)
o who to select as an employee creditor rep and why.
o where to get further information.
You need to assist them to gain and keep their interest. You can then
follow up with a link to the web site that will go into details about;
o what happens next;
o how and why they will be voting,
o what is a deed, and why they are good/bad
o how they are/are not protected by current laws
o etc, etc.
I'm sure many other ex-staff will have ideas on what should be done and why.
I just think you need to give them a useful summary in the brochure and them
point them to your web site. Remember, for most, self-interest will be
their only motivating factor here.
-----Original Message-----
From: otmushrooms@...
[mailto:otmushrooms@...]
Sent: Monday, 27 September 2004 8:20 PM
To: otmushrooms@...
Subject: [Unpaid Mushrooms] Digest Number 152
There is 1 message in this issue.
Topics in this digest:
1. Leaflet content (replacement message)
From: nick4mony
________________________________________________________________________
________________________________________________________________________
Message: 1
Date: Mon, 27 Sep 2004 02:45:55 -0000
From: nick4mony
Subject: Leaflet content (replacement message)
People,
This leaflet is half an A4 sheet, double-sided, ie A5. I have 200
printed on yellow paper. The main difference between the last message
and this message is the authorisations at the bottom.
You will note there are no employee issues described on the leaflet -
it gets a bit crowded to try to squeeze issues of GEERS and Super onto
the leaflet, in a way which demands further drilling down.
However, I am making a web page that will have these issues in more
details, titled Issues for Employees and Creditors, to be linked
direct from the Unpaid Mushrooms home page.
You will also note that despite the renaming, the URL and email
address will stay the same - it will be quite disruptive to change these.
SIDE 1
======
YOU ARE ABOUT
TO BE
RIPPED OFF
Don't save the trees,
Don't save the whales,
SAVE YOURSELF
Insolvency law does not protect creditors
The current insolvency law
Insolvency law is too complex.
Most creditors only deal with an insolvency process once in their
lifetime.
It is too hard for creditors to know their rights, even harder for
them to enforce their rights, and too easy for Administrators (or
other professionals) to take advantage of this.
A Deed of Company Arrangement is very open to abuse - very often, it
is Phoenix Company fraud in disguise.
The company can make huge profits in the future, and leave past
creditors in the dust.
The reality is that Administrators are often chosen by the company
directors, so Administrators do things to suit them.
Help us change insolvency law
SIDE 2
======
A simple law
Insolvency laws should not have so many twists and turns. We demand
these things:
+ A simple definition of insolvency - making it easier for any
creditor owed an overdue debt to take action.
+ A random or round-robin allocation of Administrators to insolvency
cases. That way, Directors have no control over the appointment.
+ Any option that involves the company trading out must achieve 100%
payment of debts.
Stop the abuses
+ Legal trickery
+ Phoenix company fraud
+ Deeds of Company Arrangement - often a different form of Phoenix
company fraud.
+ Biased Administrators (or other professionals)
Further Action
Find out what other creditors are going through ...
Browse or join the Unpaid Mushrooms email group
http://yahoogroups.com.au/groups/otmushrooms/
Contact your M.P. or election candidates and let them know insolvency
law is an issue.
Write a letter to a newspaper
Contact the author, Nick Bishop otmushrooms-owner@...
Volunteers always welcome
About Unpaid Mushrooms
Nick Bishop set up this email-based group, originally named OT
Mushrooms, in response to the (partial) collapse of Open
Telecommunications. With this group, we broke the isolation that
redundant employees and other creditors often face.
This group is now open to all creditors to discuss insolvency issues.
Join, or just browse.
Authorised by Nicholas Bishop, Suite 1104, 530 Lt Collins St,
Melbourne 3000.
Printed by Busy Bee, 6/456 St Kilda Rd, Melbourne 3004.
________________________________________________________________________
________________________________________________________________________
Reminder: this message is not private. Anyone (including non-members of
this group) can read this message in the archives.
Useful links:
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