Creditors pursuing Glenn Walker are fuming the Geneva Finance founder got in first and bankrupted himself.
The creditors, a retired couple who did not want to be named, got a High Court judgment in February saying they were together owed about $168,000 from Walker and his now-liquidated company Financial Investments Group. The money was lent to Financial Investments Group but because Walker guaranteed the advances he was also personally liable for them.
The couple say they are owed much more than what was in the judgment. They were relying on the funds to help with their retirement.
The couple served bankruptcy notices on Walker last month, only for him to file for his own insolvency days later in what they believe was a move to avoid publicity.
The Herald has spoken to others who are also out-of-pocket and were chasing Walker for funds. The investors had a long-standing relationship with Walker, dating prior to his establishment of Geneva Finance. Separately, that company last year won a $150,000 judgment against Walker, who borrowed money from it in 2006.
