Boral seeks lost debt

BORAL has launched Supreme Court action against Jacqueline Taylor just weeks after her husband David's death, leaving behind his young family and an estimated $7.5 million in debts.
The building products company, which has an annual turnover of almost $5 billion, wants the Taylor house sold to recover a $129,000 debt. Boral filed the Supreme Court claim against Jacqueline Taylor and her late husband’s estate last month, four days after liquidators were appointed to Taylor’s building company DTBS Pty Ltd, one of the Gold Coast’s biggest builders and a major sponsor of the Titans.
Boral claims the Taylors gave personal guarantees as part of a confidential credit agreement. Boral says the deal indemnified it against all losses, costs, charges and expenses and says it is owed more than $126,000 for materials supplied to DTBS late last year. It is also demanding almost $3000 in legal fees. DTBS’ 35 staff were sacked with the appointment of liquidators.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Advertisement

Related Stories

Why supporting men's mental health leads to stronger businesses

Why supporting men's mental health leads to stronger businesses

When I stop posting 20 Instagram stories a day, my friends know s...

Vital Signs: Why has growth slowed globally? It has something to do with technology

Vital Signs: Why has growth slowed globally? It has something to do with technology

Even before COVID-19 hit, Australia was experiencing slow growth...

Global competitiveness report shows Australia must lift its game

Global competitiveness report shows Australia must lift its game

"We are among the lowest-ranked of 64 nations on company agi...

"World's largest online workforce" Freelancer.com sees enterprises in desperate need of talent

"World's largest online workforce" Freelancer.com sees enterprises in desperate need of talent

"The defining characteristic of the 21st century will be the...