Monday 16 December 2013

Bob Jane May Soon Be Bankrupt

Local entrepreneur, Bob Jane, of Bob Jane T-Marts may need to file for bankruptcy. Bob has been through some bad times. Once he owned an business empire worth $100 million but in recent years he has struggled to hold onto his business and been through several expensive trials. Now the ATO claim that he has a back tax payment of $1 million. Bob is nearly broke and may not be able to support the government.

Photo: Bob Jane by Herald / Sun
Bob Jane's bid to rebuild his fortune through a new chain of competing tyre businesses was also recently frustrated after a court banned him from using the family name to promote the venture.

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