Thanks Terry Tee

Frankie Mac is so keen to oppose anything that yours truly has to say, he pretends he doesn't know how tabloid journalism works. Yes the journo does like making people angry and upset. That sells papers and page-clicks.

It's not as if Terry was the first, nor will be the last wealthyish person to end up as a bankrupt. plenty of others out there whom have force various businesses to close because the too wouldn't pay their bills early. I don't condone Terry's business practices but you will find most extremely wealthy types got their stash in similar fashion - except Sam Morgan and the Trade Me wonder story. Wish I could come up with a venture like that!

3 years today since Terry gave up the Phoenix. Good on the IRD for remembering to throw him a party to commerorate it

http://www.stuff.co.nz/business/industries/1053121...

Was hoping nobody was going to post that, but was waiting for it at the same time.

From that stroy...

"He is scheduled to be discharged as bankrupted next month.

Yesterday he said he was trying to get his life to "rise from ashes" after his bankruptcy"

...best of luck to you Terry.

Also from that story: "Serepisos - who was born in Greece and whose birth name is Eleftarious"

I didn't know that...

I note some arsehole at IRD is still going after him. Arears in child support apparently, considering his 19 year old son and the son's mother both live with Terry, i fail to see wtf it has to do with IRD. I also thought child support finished at age 17.

Regardless of his business situations, Terry has always looked after his boy and i am left wondering why this is happening. The mother doesn't appear to have complained.

And amazingly the media just happened to be there too. Really conincidental that. Perhaps the IRD have a leak or the Police.

He would owe child support to the Government I'd imagine. If you don't have a specific agreement with the Mother then you make payments to [it might be IRD] and they pay her automatically. So in circumstances where the Father stops paying, the Mother still gets the financial support and the Govt goes after the Father for the arrears. So instead of moaning about some 'arsehole' at IRD going after Terry, just consider that you [through your taxes] are helping fund Terry's playboy lifestyle while he doesn't pay his debts....

He gave us the Nux, he can do what he wants IMO 

Hey pays who he wants. He pays who he waaaaaaaaants. Elefterious. He pays who he wants!

Um, didn't you and your mates bash him at the races one year...?

We did a lot of things that day

The one thing he has always done was look after his son. All else aside, it smells of someone within IRD still with a beef. Amazing how the media found out. 

... and Dave Burgess not prepared to leave the scene of his first major kill.

I guess living with his father doesnt count?

Staying the odd weekend and school holidays does not mean living with him in the eyes of the IRD. In fact until shared Custody arrangement reaches 40% of time, Child Support payments are not reduced.

Not a lot pisses me off more than people trying to dodge their responsibilities to provide for their Children.

Don't have kids if you cannot afford or make a commitment to them. I always lol at my mates who are early 20's, married, 2 kids, and bitch about how hard it is, how much it costs... etc.

but his son and his sons mother both live with Terry.

and his son is 19? Must be some pretty old child support that he owes. But not from before his bankruptcy. 

Maybe now? Obviously seperated at some point

I believe Terry, honestly...

I suppose he can't use the $100 million that is coming to him soon? 

Still has to be paid.

Certain debts are excluded from bankruptcy by law. You must continue to pay any:

• Child support and maintenance orders
• Court fines and reparation
• Debt that you have incurred after you have applied for bankruptcy.

http://www.insolvency.govt.nz/cms/financial-trouble/personal/step3/bankruptcy/what-happens-to-your-debts-when-you-enter-bankruptcy

You mean, you lol behind their backs.....

I'm 53 and have taken guardianship and parenting control over two of my grandchildren. I can't really afford to but we happily did so because we have saved their lives not just literally.  My wife and i struggle, but it is worth it. If we didn't do this, we'd most like be two grandchildren deceased and that is not an exaggeration and i know that neither of us could have lived on with that on our conscience. 

Sometimes,  life throws up hard as challenges, the rewards can be fantastic. Such as watching a little boy and his sister getting a chance in life in a safe environment and not in CYFS care.

You've done a great thing LG.Keep up the good work.

Heaps of respect for you LG - well done on making a difficult decision and putting the wellbeing of your grandkids first. I am sure that when they are old enough to understand what you have done for them, they will be very thankful.

Thanks guys, much appreciated. Its never too late to do the dad type thing. 

But back to Terry, his business life and his home life are two different things and i dont enjoy reading people berating him because of his poor business dealings when it comes to his son. We have seen him with his lad at various Nix events and there is an obvious bond and love there. 

 I guess if this had gone un-noticed through the family court no one would have said anything, but very coincidently, the media seemed to know about it which to me smells of a nark and that nark is either in the IRD, the Police, in the Airport staff or Courts. How else could they have found out?

Would any of us like to be in that situation with cameras and microphones in our faces whilst trying to sort out a personal family matter? Like shit we would. As I said, business is one thing, family is another regardless of what we all think of Terry.

Sorry LG while i dont agree with the coverage this has been given.I have no sympathy at all with him being called out over some of the crap he has got away with.I have a mate who was screwed over by him not paying his bills and how the FK he gets to live in Greece for 6 months just does your head in.Bastard gets away with FK all.

Despite what Terry says this would not have come as a surprise to him. The IRD do not issue warrants unless as a last resort. This is a continuation of the way Terry conducted business. Bury head in sand till the last minute.

Being good for your kids when seperated
is more than being a McDonalds Dad and doing only the fun things in life.

I can see where you both are coming from and i too was surprised at 2 months in Greece. I wonder who paid for that. But i am seperating the business man from the family man. I make no excuses for the business man part of it. But for a long time someone at the IRD  has seemed to have targeted him. He is not the only rich person in NZ whom has done dodgy dealings and i hope that the same person or persons in IRD are going to target others and splash them all over the media.

But on a family note, his boy is 19, IRD payments stop at 17 or 18.

So clearly these are old and overdue hence my comment this is no surprise to Terry

Be interesting to find out to what time period this does cover.

The drama is Just to make everyone inc The bankruptcy DisCharge authority he is using someone's money to travel but not using that persons money to pay his obligation to his SOM. But from memory from the Princess's time at Montesori the #Lads mum did not need the money.  Edit poor extra comment

Translation please

 The #lads mom is not short of a penny So why register for IRD child support ( Been There) - no comment on edit

Now discharged:

http://www.stuff.co.nz/business/money/10658986/Terry-Serepisos-not-bankrupt-will-give-evidence

Dompost reporter where are you?