Prisoners sentances can be spent, yet you will always be labelled a bankrupt

So_Sad_Angel

maxmycardagain wrote: »

Can you imagine working for a company that has a little more than 600 employees and has the following employee statistics .
71 cannot get a credit card due to bad credit.
84 have been arrested for drink driving in the last year.
Which organisation is this ?


It's the 635 members of the House of Commons!!!!!!!!!!!

Hey Max,

Just those 2 stats alone equate to 25% of the MP`s!!!

....the DD arrests are very bad though!!!!

Angiexx

coolcait

maxmycardagain wrote: »

Can you imagine working for a company that has a little more than 600 employees and has the following employee statistics .
29 have been accused of spouse abuse.
7 have been arrested for fraud.
9 have been accused of writing bad cheques.
17 have directly or indirectly bankrupted at least 2 businesses.
3 have done time for assault.
71 cannot get a credit card due to bad credit.
14 have been arrested on drug-related charges.
8 have been arrested for shoplifting.
21 are currently defendants in lawsuits.
84 have been arrested for drink driving in the last year.
Which organisation is this ?


It's the 635 members of the House of Commons!!!!!!!!!!!

Hiya maxmycardagain

Well, it might be true...

Or it might just be an urban legend, translated from the original US version, with a couple of changes to the figures...

http://www.snopes.com/politics/crime/congress.asp

(As an aside, if you go to snopes, do a search for 'tickle me elmo', click on the odd questions link, and scroll down to near the end - reading on the way if you wish. It tickled me...:o )

Levity and pedantry aside (sorry!), I think this thread raises some very interesting issues. It's almost as if debtors' prisons still exist, but in a more subtle way .

I'm tempted by the idea of a campaign to put a finite period/'statute of limitations' on having to declare that you were once made bankrupt. Even if it were six years (five in Scotland) to parallel the statute barred legislation, that would be an improvement.

And, put that way, doesn't it have a certain logical appeal? A creditor can't pursue a debt owed to them if it becomes statute barred - even in cases where the debtor is a can pay, won't pay, hideaway.

Yet any company can penalise/discriminate against bankrupts - even though, for many people, going bankrupt is actually a recognition of their financial problems, and a proactive way of addressing them.

I'm fnding it hard to see why there's a time limit on one, but not on the other...

I'll get off me soapbox now

DebS_2-3

Insurance???

I bought a Rotweiller instead. It was easier.

fiveyearplan

dodecanese wrote: »

Regarding home ins- when I went bankrupt, I called my house insurance company (Esure- part of Halifax), anonymously- they told me they would cancel the policy. I tried More Than- I told them I was an undischarged bankrupt and they said they were ok with that- they even let me pay monthly and its cheaper than Esure.
I didnt ask what would happen if I actually made a claim (obviously as a bankrupt I may feel the odd urge to burn the house down/flood the bathroom etc),but they are fully aware of my "status" and I assumed I was covered- I hope so anyway.

Further to my thread above, it was More Than who asked if anyone in the household was bankrupt. Seeing as I had never even thought about bankruptcy at the time I thought it was an odd question and can't really remember if they asked 'was bankrupt or ever been bankrupt'.

Obviously I also don't know what they would have done had I said yes.

rog2

DebS wrote: »

Insurance???

I bought a Rotweiller instead. It was easier.

But can it re-route a sewer? Our house insurance was cancelled, and I have been looking for another provider. In the meantime the 'Pitch Fibre' sewer pipe decides to 'collapse' after 50 years of trouble free service, leaving us with a potential £4 - £5,000.00 bill.

So if you could lend me your Rotweiller, Debs. :think:

Richard_S

DebS wrote: »

Insurance???

I bought a Rotweiller instead. It was easier.

Good thinking DebS,

But can you get Pet Insurance?:rotfl: :rotfl: :rotfl:

Waspeze

I know they're pretty useless but there are some petitions on the 10 downing street website... one in particular is a petition to restrict or refuse companies access to the insolvency website which could indirectly help with this issue?

lxpeanut

Waspeze wrote: »

I know they're pretty useless but there are some petitions on the 10 downing street website... one in particular is a petition to restrict or refuse companies access to the insolvency website which could indirectly help with this issue?

The problem is though if they ask you the question and say no even if they can't see the files you could be accused of fraud.

I agree they should only be allowed to ask if you've been bankrupt in the last 6 years. Once its gone from your credit file it should be gone from you life.

dodecanese

fiveyearplan wrote: »

Further to my thread above, it was More Than who asked if anyone in the household was bankrupt. Seeing as I had never even thought about bankruptcy at the time I thought it was an odd question and can't really remember if they asked 'was bankrupt or ever been bankrupt'.

Obviously I also don't know what they would have done had I said yes.

Thats a bit worrying. The guy I spoke to went off and checked with his manager- who said they were ok with bankruptcy. Think i'll check this out with them again in case I ever need to make a claim. Ive had house ins now for about 15 years and never claimed- but knowing my luck the house will collapse and they'll refuse to pay out.

4$£&*(£$&*(!

lxpeanut wrote: »

The problem is though if they ask you the question and say no even if they can't see the files you could be accused of fraud.

I agree they should only be allowed to ask if you've been bankrupt in the last 6 years. Once its gone from your credit file it should be gone from you life.

And this is all I'm asking for - not to totally disregard bankruptcy, but following six years as a successfully discharged bankrupt surely that should be the end of the matter.

I'm really hoping this catches Martin's eye as it's an important issue for anyone who lives with a bankrupt, not just the bankrupt themselves and it's a really unfair penalty.