I owned 16 ATMs and the exclusive rights to those locations in Canada. Because of the distance from my location in N.C. I contracted with a Canadian Company to manage both my machines and locations. This Company was forced into bankruptcy by a competitor. The trustee appointed by the court, a Mr. Hartley Bricks, who I believe to be an employee of the compettitor, confiscated and sold my property even though I did not file for bankruptcy.
My inquiries to Mr. Bricks were pretty much ignored. My inquiries to his supervisor a Mr. Ferron Murray were likewise ignored. I was able to contact the district manager a mr John Everett. He promised to look into the matter.
After making excuses and delaying for 6 months he advised me that the Trustee dide nothing wrong. I therefore have no property rights in Canada. My request for answrers to specific questions were ignored. He refused to send me via e-mail an official response, I believe because I was not overjoyed about being taken for $250, 000.00 US by their court. Mr Everett insists on my sending him my mailing address. I refuse to do so as I believe he will attempt to come here and confiscate more of my property.
While I don't think he will be successful since unlike in Canada, Citizens have property rights in the US, even Canadian Citizens, I don't want to spend the money on legal fees defending myself. I believe the Canadian Bankruptcy Court employees are compensated soley on the basis of how much property they can confiscate and sell and therefore dont care who owns the property as long as there is some connection to the Company or party in Bankruotcy. I don't know if they could confiscate investements in stocks, bonds or mutual funds but I wouldn't be surprised.
If you invest in Canada in anyway, your property can be confiscated without notice or due process as happened to me.
0 comments