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Also, you seem to forget, the only alternative to Fred now is Emily!
Again: why didn't you bring this up earlier? Not that it makes any difference to me.
Sorry Emily, and her supporters, looks like you're going to be out of a job real soon.
Better come up with something better. Throw some pens maybe?
Good to see you're getting desperate.
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rob, thanks for taking the time on behalf of your readers to glance at the documents. two points of correction: first-the demand by the finance company (TOPA) was for $86,492.28 not $7500. this is evidenced in the body of the complaint and in the declaration of the fianance officer for the finance company in paragraph 8 of his sworn declaration. second,the record is clear that fred stopped the suit against him by declaring Ch 7 bankruptcy. this is evidenced by US Bankruptcy Ct.Petition 8:94-bk-13293-JB filed on 4-1-94 (6 weeks before trial). the debtor is listed as frederick f blas of el toro ca and fred blas firestone.
in going thru the docs of the conversion suit against Fred a few other items jumped out:
1. As a defense to not paying, Fred claimed the equipment was faulty/defective even though he certified at the beginning of the lease the equipment was in good working order. Also, Fred agreed at the beginning of the lease that even if there were a problem with the equipment he would still make the lease payments.
2. Even though there was no final judgment in the case ( which was stayed by Fred's bankruptcy filing) the leasing company, which feared Fred would sell the property to a 3rd party or move it out of the jurisdiction, was able to obtain a writ of possession by
posting a bond for $7500, which entitled them to seize the equipment. They did this because they were able to convince the court that in all probability they would win at trial.
3. Unfortunately for TOPA, it appears Fred was a step ahead. When they arrived on 8-13-93 with the writ they were only able to recover 4 items. At this point Fred, with the RCI Asset Recovery on his trail, gives up on his affirmative defenses and now asks that he be allowed to pay less over more time. Its not clear what happens next but on 4-1-94, 6 weeks before trial, Fred gives up and declares Chapter 7 bankruptcy. TOPA is left holding the bag for tens of thousands of dollars of equipment.
4. another thing that stands out, that on the way down, Fred could have mitigated the damages sustained by TOPA as a result of his failure. It appears from the documents that TOPA had a buyer for the equipment. Had Fred returned it, TOPA's damages might well have been far less. Fred did not do this, but instead moved the equipment from his main place of business at 1734 N Main St to another location at 902 Main, thus thwarting the efforts of the leasing company to recover what was rightfully theirs.
5. While anyone can have bad luck in business, it appears from the record, that Fred did everything he could not to pay a legally owed obligation prior to his bankruptcy filing. What concerns me the most is not the bankruptcy, but Fred's commissions, omissions and obfuscations about his business record during this campaign. Why did he stand by and never mention his business failure? Why was he so secretive about where he lived in California, the exact location of his Firestone dealership, or even how many dealerships he had? Clearly from what has been written and from what Fred has led the voters to believe, Fred's Firestone business was the model of success. Fred's campaign rhetoric of his financial acumen as a Firestone Dealer, is in fact, the foundation of his claim that he is capable of overseeing the County's business. This we now know to be false and deceptive based on the Court record.
thanks for allowing this post and the valuable service your blog provides for community.
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Whitey, your still anonymous personal insults don't do your cause any good and show even more desperation and lack of class than you displayed earlier. When you have the courage to stand behind your postings with your real name, I might have a teeny bit of respect for them . . . maybe. Meanwhile the election is three days away, and I don't see many people changing their minds.
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Pardon me, R.T.: you're correct I feel strongly that you deserve my public comments about your broad brush damnations, such as this:
"Novice Dennis Onishi, a first term councilman chosen to head the Finance committee, is quoted as saying "his unfamiliarity with the scheduling process led to the delays". Yeah, nothing like using not knowing what the heck you are doing as cover."
"Not much of a surprise I guess. Kenoi, Enriques, Naeole-Beason, Onishi and Yoshimoto are likely the most anti community bunch we have ever had in county government. With Kenoi at the top."
Yes, Mr. Tucker, here you attempt to muddy a group of names I personally respect for the very real caring they have shown, through their hard work and dedication, working for a healthier future for our island.
And yes, you started this thread, apparently as bait to discuss any past issues, troubles or malfeasance that may be discovered on any candidate, though you didn't name Blas, and probably never wanted it go that way.
Are you glad it turned into a Blas/Firestone discussion thread? Lucky you. I'm sticking to your opening topic. Pardon me, once again.
"Just my opinion of course."
Oh, I see, you didn't really mean it, with that anti-community remark. I guess you're excused. [:p]
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Well at least I sign my name to my statements.
Rangster, I will credit you for standing up for your friends. Unlike Silverpenny10, Whitey and jtkong who want to launch attacks on their opponents without showing their faces. There is nothing inappropriate about defending your friends. I respect that.
Assume the best and ask questions.
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quote:
Originally posted by jtkong
...6 weeks before trial, Fred gives up and declares Chapter 7 bankruptcy. TOPA is left holding the bag for tens of thousands of dollars of equipment.
I'm not an attorney, but let's not vog the facts. The creditors do get the assets of the company in a bankruptcy.
Aloha,
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As Rob pointed out, there was a recession in the early 1990's that claimed many businesses and jobs.
Without all of the facts, how can anyone claim Fred Blas was a bad businessman ?
Lets debate whether Fred was better at business or Emily, whose previous job experience was pan handling on the streets of Pahoa.
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Woah, this thread strayed a tad from the 'Mayor and Council...'
Toni, who is a 'critter lover'
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"Q might have done the right thing for the wrong reason, perhaps we need a good kick in our complacency to get us ready for what's ahead" -- Captain Picard, to Guinan (Q Who?)
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quote:
Originally posted by Obie
As Rob pointed out, there was a recession in the early 1990's that claimed many businesses and jobs.
Without all of the facts, how can anyone claim Fred Blas was a bad businessman? Lets debate whether Fred was better at business or Emily, whose previous job experience was pan handling on the streets of Pahoa.
This was the best post in the whole thread ][ ][ ]
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
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So you're saying Fred bested a big savings and loan company out of a large settlement in the 1990's?
Well shoots, he's got my vote!
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