Summary of Issue: Equities


Decision 35113 Full Text of Decision 35113

summary
Issue: Sub-Issue 1: Sub-Issue 2: Sub-Issue 3:
earnings income equities
Summary:

Services unpaid since the beginning of the business were assessed at $13,600. The accountant said that the amount would be paid in the form of shares. It does not matter whether such shares were in fact received. The claimant is entitled at least to a claim for debt; it is therefore an asset.


Decision 21381 Full Text of Decision 21381

summary
Issue: Sub-Issue 1: Sub-Issue 2: Sub-Issue 3:
earnings income equities
Summary:

Whether the monies were a pay-out of equity or severance pay, they resulted from employment, said the Board. This is a mistake. If he had had shares or had invested in this franchise and he could have been repaid for his investment, that would be equity, a return on investment.

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