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Mbio za Shakhalagha.....
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Kusadikika
#1 Posted : Monday, October 09, 2017 11:37:45 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,703
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.
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rurinjaa
#2 Posted : Tuesday, October 10, 2017 4:30:19 AM
Rank: New-farer


Joined: 7/10/2013
Posts: 29
Even with a currency note named after him, the fall looks was unstoppable;tamma iliuwa fisi so it is now to Jirongo as was others before him. Made me watch "sons of fortune" on YouTube
by Namu
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Bigchick
#3 Posted : Tuesday, October 10, 2017 7:35:43 AM
Rank: Elder


Joined: 2/8/2013
Posts: 4,068
Location: At Large.
Kusadikika wrote:
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.



Some enlighten me..What does it mean/are implications of being declared bankrupt in Kenya?

This jamaa is a jogoo.He has in excess of 20kids and several women to feed.How will he take care of them?

Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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kaka2za
#4 Posted : Tuesday, October 10, 2017 8:14:03 AM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
Bigchick wrote:
Kusadikika wrote:
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.



Some enlighten me..What does it mean/are implications of being declared bankrupt in Kenya?

This jamaa is a jogoo.He has in excess of 20kids and several women to feed.How will he take care of them?



Bankruptcy does not mean he does not have money only that he can't pay debts.

Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Bigchick
#5 Posted : Tuesday, October 10, 2017 8:16:33 AM
Rank: Elder


Joined: 2/8/2013
Posts: 4,068
Location: At Large.
kaka2za wrote:
Bigchick wrote:
Kusadikika wrote:
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.



Some enlighten me..What does it mean/are implications of being declared bankrupt in Kenya?

This jamaa is a jogoo.He has in excess of 20kids and several women to feed.How will he take care of them?



Bankruptcy does not mean he does not have money only that he can't pay debts.



So what are the consequences of being declared bankrupt?
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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kaka2za
#6 Posted : Tuesday, October 10, 2017 9:10:26 AM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
Bigchick wrote:
kaka2za wrote:
Bigchick wrote:
Kusadikika wrote:
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.



Some enlighten me..What does it mean/are implications of being declared bankrupt in Kenya?

This jamaa is a jogoo.He has in excess of 20kids and several women to feed.How will he take care of them?



Bankruptcy does not mean he does not have money only that he can't pay debts.



So what are the consequences of being declared bankrupt?


It is publicly embarrassing for one to be adjudged bankrupt. He can't he cannot hold a political office and his estate is managed by a court-appointed official.
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Impunity
#7 Posted : Tuesday, October 10, 2017 9:32:16 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
kaka2za wrote:
Bigchick wrote:
kaka2za wrote:
Bigchick wrote:
Kusadikika wrote:
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.



Some enlighten me..What does it mean/are implications of being declared bankrupt in Kenya?

This jamaa is a jogoo.He has in excess of 20kids and several women to feed.How will he take care of them?



Bankruptcy does not mean he does not have money only that he can't pay debts.



So what are the consequences of being declared bankrupt?


It is publicly embarrassing for one to be adjudged bankrupt. He can't he cannot hold a political office and his estate is managed by a court-appointed official.


Also he cannot borrow loan from financial institutions.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Swenani
#8 Posted : Tuesday, October 10, 2017 10:13:55 AM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Impunity wrote:
kaka2za wrote:
Bigchick wrote:
kaka2za wrote:
Bigchick wrote:
Kusadikika wrote:
huishia kortini.

This man once declared that he is the only westerner who can match mountaineers shilling for shilling. Now he has been declared bankrupt for failing to pay a 700 million shilling debt. Meanwhile his jamaa wa mkono is just going from strength to strength.



Some enlighten me..What does it mean/are implications of being declared bankrupt in Kenya?

This jamaa is a jogoo.He has in excess of 20kids and several women to feed.How will he take care of them?



Bankruptcy does not mean he does not have money only that he can't pay debts.



So what are the consequences of being declared bankrupt?


It is publicly embarrassing for one to be adjudged bankrupt. He can't he cannot hold a political office and his estate is managed by a court-appointed official.


Also he cannot borrow loan from financial institutions.


They should be banned from landing too
If Obiero did it, Who Am I?
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Njung'e
#9 Posted : Tuesday, October 10, 2017 10:48:16 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
This bankrupcy maneno is not a big deal, moreso here in Kenya. What the fellow is doing is avoiding to pay debts. His accounts may read a couple of thousands shillings but the figures will likely be high/very high for those whom he trusts....and most of his assets will be run by family,relatives and allays. Trust me, he is "bankrupt" but very far from being broke
Nothing great was ever achieved without enthusiasm.
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