Gold Coast property: Noel and Sherrell Faulkner shunted into bankruptcy after house resumed for light rail
A former train driver and his wife who lost their dream home because of the light rail project have been shunted into bankruptcy.
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A FORMER train driver and his wife who lost their dream home because of the light rail project have been shunted into bankruptcy.
Noel and Sherrell Faulkner, who lived at Parkwood, have been bankrupted at the instigation of valuation group Herriots.
COUPLE REFUSE TO LEAVE PARKWOOD DREAM HOME
Three years ago the State Government resumed the Faulkners’ home because the second stage of the light rail project was to cross their boundary.
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They were offered $840,000 for their Uplands Drive home, which cost them $880,000 in 2007, plus $50,000 for dislocation costs.
At the time the couple were using Mr Faulkner’s entire wage to pay off a mortgage and living off Mrs Faulkner’s income from a cleaning job.
The couple, after a marathon fight with the State Government, negotiated a $1 million payment.
The Federal Court has appointed Jason Bettles, of Worrells, to act as the Faulkners’ bankruptcy trustee and awarded Herriots $5491 in costs.
The Bulletin yesterday was unable to contact the Faulkners.
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