15/03/2005 - 21:00

Reader Response - Back in business

15/03/2005 - 21:00


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Reader Response - Back in business

I refer to your article on Manny Papadoulis (WA Business News, March 10).

Mr Papadoulis states “we never went broke”, but he does not comment, or seem to care, about those many creditors who weren’t re-paid a cent of his company’s debt.  His biggest regret was to lose face to his parents.

It’s his creditors who continue to carry the can while he re-establishes himself. We all congratulate him on his award in 2002, and I wish him well in his new enterprise.

Those that fall on hard times should not be castigated for life, however it would be good if sometimes these people would recognise that they have had a head start in business by not having to meet the full commitment of their previous debts.

LW Shepherdson

Margaret River


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