The Bankrupt Inn (Part Three)

yellowmonkey

When I told people at work they did not even realise that you could go bankrupt unless you were a company.

Like FYP says there is a lot about BR that is very grey :rolleyes:

Hope everyone is keeping well

ym

dollparts

Erm, interesting avatar ym (?)

Beth, here's hoping it all goes well and it'll all be over for you very soon

Just adding on from what others have commented on about how others understand BR. This is what happened to us in 1994.

My Dad was made bankrupt 15 years ago. His business folded and he had his house repo'd. It was in spectacular fashion. The bailiffs arrived, nailed the windows down and changed the locks, cut off the fuel supplies and pasted a notice on the front door letting all and sundry know what was going on. Along came the estate agent from the bank, put up a 'for sale' sign.

Then the neighbours gathered taking turns to read the notice and discussed my Dad's situation on our garden path!

My Dad was at work at the time, I was at college. (it was only the two of us living there)

We had a housekeeper who lived next door to us, she had a screaming match with the bailiffs because they were refusing her access to try and retrieve our clothes and personal belongings! In the end they relented and allowed her 10 minutes to gather some clothing, my course books and folders and other bits and bobs.

My Dad was once a wealthy man. He had a sucessful business and we had a lovely home. He made some ill-fated financial decisions after going through a divorce with my mum. True, he ignored advice given by his accounts and advisors and in many ways was responsible for what eventually became the reality.

However because of the public humiliation of having his situation laid bare in the middle of the street for all to see he kind of lost his way after that.

I was only 16 years old at the time. He had to come and find me and tell me we basically only had the clothes we stood in and were homeless.

Does anyone really EVER deserve that? He had a child who depended on him for crying out loud!

His sister ended up bailing him out to the tune of 70k. We were allowed to move back in after about 6 months but my Dad never slept a decent night in the house after that and moved out soon after.

Soon after that HMRC came after him again after going through company accounts etc with the OR. Then they closed his company down and repo'd his premises and seized everything they could lay their hands on.

My Dad is really bitter, having never got over the stigma of being made BR so publicly. He has a false sense of the world around him now and is very difficult to reason with.

About 5 years later having moved out of the house during this time, I returned to the house and moved back in there alone. I wanted to restore the house to it's former condition and make it somewhere my Dad could either sell on or move back into-maybe without the memories that had haunted him since those days. My Dad didn't want to be part of it actively but said it would always be my home and I could go ahead and live there and make it my home.

I used my entire savings grossed from the time I had started working, and renovated the house renting out three of the rooms to maximise the return of what I had invested and pay help cover the ongoing costs of home improvements.

After about 3 years, my Dad told me he was having money problems again. He asked for a cut in the 'profits' from the rent being paid by the lodgers. I explained that there was no profit, I was recouping what I had already spent on the house and was still spending.

He flatly told me he didn't beleive me. That me and my sister were siphoning money from the rent and stashing it away! I was paying off loans taken out for improving the house-I wasn't paying Dad rent but I was investing all my money in his property.

Anyway, he had totally lost all sense of reason by this time. He gave me a months notice to leave the house. I lost around 40k and never got to see the end result.

To this day no-one has lived in that house. It remains empty since the 7 years ago I left. We haven't spoken since.

What my Dad did was down to the kind of person he turned out to be.

But I can't help thinking that he was never the same after being made BR.

He never got over the way he was dealt with, and he was never the same man after that.

yellowmonkey

Not a lot to say really Dolls but " Wow"

The avie is a long story and involves an addiction to tupperware pots

ym

So_Sad_Angel

Hugs to you Doll.....thats life is`nt it....we all do what we think is the right thing & it can so easily fall apart. No-one ever appreciates the magnitude of this until it happens to them.

You are a lovely person to appreciate how misfortune does change people.....bitterness can so easily creep in & cloud everything...often without the individual knowing that its happening......I hope you get to reconcile with your Dad one day. Money can be so evil.

Angiexx

So_Sad_Angel

yellowmonkey wrote: »

The avie is a long story and involves an addiction to tupperware pots

ym

On a lighter note....YM ....I`ve mentioned the Tupperware thing on another thread but can`t wade through a 100 or so pages to find out the reason for your `fetish`(if thats the right word:D:D)....so come on...share !!

yellowmonkey

It is not a " Fetish" but an addiction

Just can't seem to go a week without buying any. The way they are wrapped up and packed oh so tight . Oops, Did not mean to say that out loud

ym

So_Sad_Angel

yellowmonkey wrote: »

It is not a " Fetish" but an addiction

......The way they are wrapped up and packed oh so tight .

ym

....is a little worrying....LOL....hmmm are you sure its just addiction??;);) still I bet there will be a Tupperware Collectors Club somewhere for you to induge your errr `passion` with like minded folks.

Angiex

fiveyearplan

Thanks for sharing that Dollparts. It just goes to show how deep debt can affect people. I sincerely hope you and your dad reconcile - its such a waste of time, and time is precious.

fiveyearplan

So_Sad_Angel wrote: »

....is a little worrying....LOL....hmmm are you sure its just addiction??;);) still I bet there will be a Tupperware Collectors Club somewhere for you to induge your errr `passion` with like minded folks.

Angiex

I was wondering about that avatar myself ..... I was waiting for someone else to ask though!!

yellowmonkey

Avie now changed .......;)

ym