He owned a sort of mixed business. To help the family out financially, my mate in Nowra (also a business owner) purchased all the stock. This has given the family some support during their moment of need.
If the stock went to a liquidation auction, the family would have got next to nothing. So good on you Michael for stepping in and helping out.
Michael is now just trying to get at least some of his money back. So check out what he has. In a way you are helping a family get back on their feet.
itsaboat mate...Life is just a boat and then ya marry one !