A BULAWAYO lawyer has approached the High Court seeking a
provisional order for liquidation of the estate of the late economist and
former Reserve Bank of Zimbabwe (RBZ) adviser Eric Walter Bloch.
Mr Pineas Madzivire of Joel Pincus, Konson and Wolhuter
Legal Practitioners, filed an application at the Bulawayo High Court seeking an
order declaring H & E Bloch and Company Chartered Accountants insolvent in
terms of section 48 0f the Administration of Estates Act as read with Section 4
of the Insolvency Act.
The estate has no immovable assets. However, there is $78
000 which is an inheritance from his wife Baileh Thelma Bloch who is also late.
Mr Madzivire wants an interim order placing the estate of Bloch under
provisional liquidation.
He also wants his colleague, Mr Austin Sibanda to be
appointed the provisional liquidator of the estate upon completion of a bond of
security and thereafter take over the management of Bloch’s estate.
In his founding affidavit, Mr Madzivire said Bloch’s
company doesn’t have known debtors, but it has creditors whose claims exceed
its assets.
“I submit that the deceased’s estate is insolvent thus the
court should make an order for its liquidation as it will be to the advantage
of creditors,” he said.
H & E Bloch and Company Chartered Accountants’
liabilities stand at $261 610 against assets worth $78 000, thus making it
insolvent.
The company also owed its employees $52 000 in salaries
dating back to 2010. Bloch was a renowned Bulawayo-based economist and social
commentator. He died in September 2014 at the age of 75. Chronicle
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