Bankruptcy... Is it to easy?

blind-as-a-bat_2

Broken_hearted wrote: »

You did otherwise you wouldn't be here. Want to hear about my life and my age makes most people sob stories look like a walk in the park. Yet I cope because no-one else is going to do it for me.

Which some of us recognise, and finaly understand;) it was bl00dy hard work getting there though:p

blind-as-a-bat_2

SingleSue wrote: »

Anyway, this thread is not about my story or ability to cope but those who have had to go bankrupt for whatever reason.

, not realy, there usually one and the same

Broken_hearted

Yet your case shows clearly that bankruptcy would have been the easy option, therefor proving the hypothesis that its easy.

Broken_hearted

blind-as-a-bat wrote: »

Which some of us recognise, and finaly understand;) it was bl00dy hard work getting there though:p

OOOOO I could go off and drown in my own self pity:rotfl::rotfl:

blind-as-a-bat_2

Broken_hearted wrote: »

Yet your case shows clearly that bankruptcy would have been the easy option, therefor proving the hypothesis that its easy.

easy compared to what , you can not compare it to an expeariance you have never had

SingleSue

Not the easy option at all, more like the sensible option rather than over 10 years of complete madness, stress, breakdowns, illness that we did have. I suppose that I am pretty tough mentally to have been able to carry on in a fashion but it left even me a completely broken person..someone weaker would probably not be here now....like I very nearly wasn't.

To us, bankruptcy actually looked the harder option due to our pride.

Edit - Think I will leave this thread for a while, so apologies for not replying any further. Those old feelings never go away and the wound never heals.

blind-as-a-bat_2

Broken_hearted wrote: »

OOOOO I could go off and drown in my own self pity:rotfl::rotfl:

I know you could, and nearly did once or twice, but you didnt..............


We all do what we have to do, your no exception:rolleyes:

wageslave

Paulgonnabedebtfree wrote: »

I feel that you have oversimplified. I believe the majority of people who go BR have not done so by being overly frivolous or excessively careless. I suppose there may be a small minority who could regard going BR as part of their longterm financial planning but I believe (and I've no evidence of this) that this is exceptional.
I am not BR. It may happen but I intend to avoid it - even if it means working hard for a few years while living on a disposable income (after debt repayments) not much higher than benefit levels. I had debt while I lived with my ex-cohabitee. I was too soft and allowed the debts to be in my name (yeah I'm a mug). When the relationship floundered, the debts were in my name and I could no longer let my flat as I needed to return there for somewhere to live. All that, I could have coped with but then I needed six months of work because I was found to be ill and needed gruelling medical treatment. That was the tipping point.
So I live on reduced late night bread that I stockpile in a freecycle freezer, veggies, fruit , pasta and other basics plus any bogof deals I can grab and freeze. I don't drink or smoke and only run a vehicle because it's an essential work van. A night out for me is visiting friends at their houses. My little luxuries are a very basic TV package (£66 a year), internet access (though that is partly for work), and an occasional bit of chocolate. In fact, I would probably have a better standard of living if I was BR (though I would have to rent I guess) because I don't think they can take essential work tools (such as a van) though I may be wrong on that.
I'm not complaining though. I just want to show that not everyone is on the make from BRs. In fact, it's starting to sound very enticing

I thought long and hard about replying to this post because I really dont want anything I type to be seen as an attack on any one person. I am only too well aware how life can suddenly bite you on the backside.
I sympathise with how little you have to live on, I suspect I live on about the same amount. I know exactly when the local supermarkets do their final reductions for the day and I go to bed about five minutes after my daughter to save on the heating bills.
Like you, I live that way by choice.
You chose to get yourself into nearly 50k of debt (and with the greatest respect, it couldn't all have been caused by a spendthrift partner or a 6 month illness) and I choose to live as frugally as I possibley can to give my child the most secure life that I can provide.
I'm not complaining either.
Bankruptcy may not entice me but the thought of spending 50k certainly does, so does the thought of a spare tenner to play with most weeks though.

Richard_S

As far as I'm concerned everybody is entitled to their own opinion, even if by all rational and logic measures they're clearly wrong. I tend to base my opinions on fact rather than emotion, and bankruptcy, for most people, is not an easy option, and certainly not too easy.

Without doubt there are people who abuse the system, but there are people who abuse every system within out society. That doesn't meant we should abandon tried and tested means of perpetuating the economic basis of our society, and bankruptcy is a pivotal part of capitalism.

I for one, as a tax paying discharged bankrupt, who has over the years contributed millions of pounds to the economy in terms of taxes collected and paid, sales of goods and services, exports, wages paid, find the profligacy of this government frighteningly naive.

The least of our concerns should be the bankruptcy of individuals, when the country itself is a hair's breadth from the ultimate Official Receiver, namely the IMF.

Broken_hearted

Havn't seen you for ages, then you come on and sort us all out by talking scary sense. Missed you Rich:beer: