How long until it all falls over?

The Dom Post reports:

ACC is poised to take legal action to liquidate the Wellington Phoenix football club, saying it is owed more than $260,000 in unpaid player levies.

The club, owned by , had repeatedly “promised” to pay the levies and had failed to honour agreed payment plans, the Accident Compensation Corporation confirmed to The Dominion Post.

ACC plans to go to court today to liquidate Century City Football, whose sole director is Mr Serepisos.

He said last night that he was “shocked” by the legal threat. The matter would not go to court because “we have made arrangements to pay” today, he said.

Terry, Terry, Terry. I don’t think they want an arrangement to pay. I think they want a cheque.

ACC acting chief executive Keith McLea confirmed the legal action earlier yesterday. “Century City Football owes more than $260,000 in unpaid levies to ACC, some of it dating back several years.

“They have promised to pay many times but not done so. We have even agreed payment plans with them but these have not been honoured.

I can’t recall ACC ever liquidating someone before. IRD do it heaps. Maybe ACC do also, but are lower profile about it.

Mr Serepisos said he and his lawyer had agreed on a plan with ACC on Friday to pay the levies and “they have not even advised me of this [the move to liquidate].”

The amount of levies was “in dispute”, he said, and he would fight any legal action.

The claim the amount of levies is in dispute is a red herring. I actually worked in credit control for Wellington Newspapers once. You get very good at knowing the difference between those with a genuine dispute and those disputing as an excuse not to pay on time.

Those with a genuine dispute always agree to pay the undisputed part of the account, and only with-hold the (often quite small) aspect under dispute.

Those who can not or will not pay, refuse to pay anything due to the “dispute”. They are the ones you cut off further credit to, or refer to the debt collector/court.

Hopefully for the sake of , Terry Serepisos can actually pay, so the team is not liquidated.

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