Common Sense For New Hampshire

13 Comments

1. Cathi wrote:

   Court settlements are really just “bills” right?

   Friday, March 20, 2015 at 7:42 am | Permalink
2. Anonymous wrote:

   If Birdsall did not go bankrupt it would have been a bill. Partner Engineering purchased all of Birdsall’s assets in Bankruptcy Court, they have the legal right to collect Birdsall’s bills. There are a number of other municipalities that are under the same obligations.

   Friday, March 20, 2015 at 10:09 am | Permalink
3. CPA wrote:

   If they went bankrupt who says the buyer must pay all bills. One of the reasons you go bankrupt is because you don’t have $$ to pay bills. Please explain more to me. Does not seem correct.

   Friday, March 20, 2015 at 11:07 am | Permalink
4. admin wrote:

   Birdsall went bankrupt because most of their leaders were indicted, not because they owed money. We owed Birdsall about $1.3 million at the time and that debt was was purchased by Partners, who we apparently refused to pay.

   Friday, March 20, 2015 at 11:13 am | Permalink
5. March Madness wrote:

   They went bankrupt because thier corrupt employees were making illegal contributions to politicians, and Birdsall got caught.

   Friday, March 20, 2015 at 11:36 am | Permalink
6. CPA wrote:

   Ok but Partners probably did not pay dollar for dollar on the receivables. Other assets at very low prices also–probably

   Friday, March 20, 2015 at 11:48 am | Permalink
7. admin wrote:

   Of course, the difference between is their reward for taking the risk.

   Friday, March 20, 2015 at 12:04 pm | Permalink
8. Anonymous wrote:

   Its part of the Bankruptcy process, it is the Bankruptcy Judge and Trustee’s responsibility to review all assets and liabilities and get as much as possible to pay the debts.

   Friday, March 20, 2015 at 1:30 pm | Permalink
9. Anonymous wrote:

   None of this explains why Belmar didn’t pay their bills on time, before the Birdsall indictments. Also, not all of these bills seem beach related. Is Belmar allowed to pay all of this from the beach utility ? Doubt it.

   Friday, March 20, 2015 at 2:42 pm | Permalink
10. admin wrote:

    Matt says shhhhh!

    Friday, March 20, 2015 at 3:14 pm | Permalink
11. Eugene Creamer wrote:

    “… the borough is in litigation with the engineering firm, which is seeking $1 million that Belmar owed to Birdsall at the time of the sale.”

    http://www.app.com/story/news/local/neptune-wall/belmar/2014/08/12/sandy-fema-belmar/13980689/

    Looks to me that the Borough is paying $925K + legal fees to pay a $1M debt …. hardly a home run …. more like kissing your sister …. especially …. since the M&C just recently appropriated an additional $100+K to “legal services” in the budget….

    Friday, March 20, 2015 at 4:14 pm | Permalink
12. Resident wrote:

    The invoices total $1,145,173 someone check my math it could be wrong. The lawsuit asks for $1,362,337 and we paid $925,000 and do not know what we paid for our legal defense. It was all paid through the Beach Utility Fund and much of it is not beach related. This mayor is really opening up tremendous liability for Belmar residents. He is basically cooking the books. And why didn’t we pay our invoices from 2011?

    Friday, March 20, 2015 at 5:19 pm | Permalink
13. Anonymous wrote:

    The beach utility fund should be used what it is meant for.

    What IS the town up to?????

    After all, isn’t it crucially important to have the sand smoothed down every summer morning at 4 am????? That costs money you know.

    What next, the school budget used to give some gifts to DJais?

    Sunday, March 22, 2015 at 2:45 pm | Permalink

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