Neil Morrisey in Millions of £'s of debt due to Property Investment Collapse!!

SingleSue

I agree Pobby, very rarely do people stop to think about the personal heartache for many behind the threads....and that certain attitudes from some others do nothing for them apart from cause more stress and heartache.

By the way, never been bankrupt so not talking on a personal level here.

bendix

Pobby wrote: »

I was on a thanking spree and shouldn`t have thanked Bendix post.

It`s true that some people have been rash with money but as Harry says it is also very true about the innocents being dragged down. I have had people go pop on me costing 10s of thousands over the years.In one case it was a set up and in another it was through the guys personal spending but on the other hand I can think of one guy in particular who almost took his own life when his business went wrong.

It is sad but in this climate businesses are being driven to the wall. Sometimes perfectly good ones but cash flow has dried up.

I have every sympathy for those who are made bankrupt by customers, for example, defaulting on them. My scorn is not directed at them. Instead, they get my empathy.

However, even a cursory glance on that forum shows that MOST are personal banktrupts - not business people - who simply spent more than they earned.

I'm sorry. I wish I was a nicer person, but I have absolutely no sympathy with people with such lack of discipline that they live on credit cards, perpetual debt and a basic sense of fiscal responsibility.

If that makes me intolerant, so be it.

Go and read that thread. It's an orgy of back-slapping and congratulation for being declared bankrupt. Let's remember what that means .. .it means they are not paying back debt they incurred.

Who do you think ends up paying for that debt to banks, credit cards etc? Here's a clue. It aint the freakin queen.

robin_banks

I have to agree with the above poster, reading thier SOA's it's quite clear they've been overspending for years.

Graham_Devon

bendix wrote: »

Go and read that thread. It's an orgy of back-slapping and congratulation for being declared bankrupt. Let's remember what that means .. .it means they are not paying back debt they incurred.

Agreed 100%, and it's this that got me to post in that section about a year back now. Caused a serious raucous. In my limited experience though, i.e. posting my thoughts on a particualr thread at the time, most blamed the banks for allowing the overspending, therefore the congratulating was getting one over on the evil banks who put them down this path.

Like I said, just my very personal limited experience. They certainly do not want anyone there who's either A) not bankrupt or is not supporting, as I was told....it's a board for support, not debate or opinion.

wageslave

I must be a nasty piece of work too because I totally agree with Bendix. The following were taken from a cursory glance at the first page of the bankruptcy forum. I am sure, if I put my mind to it, I could find many more.

I don't think it will affect his employment, we rent our house (at a reduced rent) from my parents, I am a bit worried we might lose one of the cars

Shame about the car - but you'll soon be in a position to get another.

Did you make a token offer? It is all based on your financial statement, turn up to court with a financial statement showing that you can only afford £1

Well if they pay decrease isn't likely to last you're right - best not let them look into figures too closely again!

wigglebeena

Total props to Morrissey, not the greatest actor of his generation (hem) but evidently A-1 human being.

bendix

wageslave wrote: »

I must be a nasty piece of work too because I totally agree with Bendix. The following were taken from a cursory glance at the first page of the bankruptcy forum. I am sure, if I put my mind to it, I could find many more.

I don't think it will affect his employment, we rent our house (at a reduced rent) from my parents, I am a bit worried we might lose one of the cars

Shame about the car - but you'll soon be in a position to get another.

Did you make a token offer? It is all based on your financial statement, turn up to court with a financial statement showing that you can only afford £1

Well if they pay decrease isn't likely to last you're right - best not let them look into figures too closely again!

Nasty pieces of work, unite, wageslave.

But not too loudly. It's not fashionable. If you work hard, pay your taxes, live within your means, don't rely on the state to pay your way and save prudently for the future you're in a minority in MSE and, of course, in modern society generally.

And if you're all of the above and DARE to question the integrity / maturity / responsibility of those who don't do the above you're painted as intolerant, bigoted and (in one recent thread, would you believe) snooty.

SNOOTY? Snooty for living within my means and wondering why others can't do it. Amazing!

wageslave

bendix wrote: »

Nasty pieces of work, unite, wageslave.

But not too loudly. It's not fashionable. If you work hard, pay your taxes, live within your means, don't rely on the state to pay your way and save prudently for the future you're in a minority in MSE and, of course, in modern society generally.

And if you're all of the above and DARE to question the integrity / maturity / responsibility of those who don't do the above you're painted as intolerant, bigoted and (in one recent thread, would you believe) snooty.

SNOOTY? Snooty for living within my means and wondering why others can't do it. Amazing!

Probably the most sensible post I have ever read on this forum.

LydiaJ

Graham_Devon wrote: »

Like I said, just my very personal limited experience. They certainly do not want anyone there who's either A) not bankrupt or is not supporting, as I was told....it's a board for support, not debate or opinion.

Well, I see their point. Support boards are for support - that's what they're for. DFW is a support board too. You'll find plenty of people in there being tough and telling people that all sorts of things on their SOA are luxuries and they'll have to do without them. That's not fluffy but it is supportive. Beating them over the head for having got into debt in the first place, however justified, doesn't help them to face it, deal with it, and learn to live differently.

However, I do agree that for some people, bankruptcy is a cop-out and a way of escaping responsibilities they ought to be facing up to, although not for others. Each case on its merits etc etc.

[In case anyone's wondering if I have any VI, here's my situation: I've never been bankrupt and am not aware of knowing anyone who has been. I've never had problem debts either, but I do have some friends (whom I know a bit but not enormously well) who did some kind of IVA thing and slogged their guts out for several years, eventually succeeding in paying back all the creditors from a family business that went bust. They said they were advised to go bankrupt but decided the right thing to do was to honour their obligations, even if it took them a lot longer than it should have. I admired them hugely for doing it, and I feel the same about Morrisey.]

bendix

Fair point Lydia, but that is not what happens there. If by 'support' you mean adopting a self-congratulatory demeanour towards themselves when they wheedle their way out of their obligations as responsible adults, then - yes - it's a good support forum.

I don't even know why it's on Forum. Having it seems to be completely against the spirit of MSE which, surely, should be about being prudent, responsible, and financially literate and sensible.