Originally Posted by
dj_patm
Whats this talk on Reddit about Bill Smiths assets being repo'd and his failed businesses? Has that been verified?
Cliff notes from a source: he split his firm into a new company, new bank accounts, new office, etc. The loan repayment auto-debit wasn't updated to the new bank account, because he delegated the financials to an employee who forgot. The old office remained in the hands of his previous partner and employees, who were supposed to forward all mail and calls that slipped through the cracks. That apparently never happened. RBC tried to contact him at the old office. Collections tried the old office. Finally they got a judgement, bailiff went to the old office. Old office told them where to find the new office. When they came knocking, he wrote them a cheque for the full balance owing.
I can eat more hot wings than you.