And Slaters Go Plop » recession http://damian.peterson.net.nz The Bloggery of Damian Peterson Mon, 19 Jul 2010 21:01:27 +0000 en hourly 1 http://wordpress.org/?v=3.0 First encounter with the recession http://damian.peterson.net.nz/2009/05/08/first-encounter-with-the-recession/ http://damian.peterson.net.nz/2009/05/08/first-encounter-with-the-recession/#comments Fri, 08 May 2009 00:54:01 +0000 Damian http://damian.peterson.net.nz/?p=406 In the last week I’ve encountered my first real taste of the recession. One of my clients went into receivership and liquidation last Friday owing me $18,000 and it’s unlikely that I’ll be getting anything once they’ve liquidated their assets and paid off their secured creditors, etc. And to make matters worse I’ve had to pay around $5000 tax on it because a large portion of it was declared as earnings in the last financial year. I can’t claim that tax back until I can prove beyond doubt that I’ll not receive the money owed to me which will take at least a year.

Still, I have my health, my family, my friends and my home. And it’s only money at the end of the day.

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