The Wilsons are going under.

Mr.Brown_4

chucky wrote: »

and much, much richer than anyone who post on this forum

Not necessarily. Did you see the state of the house they had built for them? And the behaviour they exhibit does not speak of real money, which is usually a lot quieter. I suspect they may end a whole lot more broke than most members of this forum. They have been talking about selling off these houses for several months, maybe a year now. All depends on the banks patience I suspect.

I would rather have ten pounds in a Post Office savings account than 150 million pounds of debt. Bit last decade all that debt stuff don't you think?

chucky

Mr.Brown wrote: »

Not necessarily. Did you see the state of the house they had built for them? And the behaviour they exhibit does not speak of real money, which is usually a lot quieter. I suspect they may end a whole lot more broke than most members of this forum. They have been talking about selling off these houses for several months, maybe a year now. All depends on the banks patience I suspect.

I would rather have ten pounds in a Post Office savings account than 150 million pounds of debt. Bit last decade all that debt stuff don't you think?

they're debt wouldn't be against them as individuals but against their company that ran the properties. their personal debt liabilities would be minimal but their assets outside their company wouldn't be touched.

the banks patience seems to be ok as they're still there after all that's gone on - i don't think they're great people but they will do well what ever happens to property.

bo_drinker

chucky wrote: »

and much, much richer than anyone who post on this forum

But are they happy ???? really

Thrugelmir

chucky wrote: »

they're debt wouldn't be against them as individuals but against their company that ran the properties. their personal debt liabilities would be minimal but their assets outside their company wouldn't be touched.

the banks patience seems to be ok as they're still there after all that's gone on - i don't think they're great people but they will do well what ever happens to property.

Banks often require personal guarantees, bankers aren't as stupid as people may think.

chucky

bo_drinker wrote: »

But are they happy ???? really

i don't know them sorry

Thrugelmir wrote: »

Banks often require personal guarantees, bankers aren't as stupid as people may think.

sorry but i've never looked at their company you obviously know the company set-up.
there are many banks that didn't require personal guarantees

aelitaman

Thrugelmir wrote: »

Banks often require personal guarantees, bankers aren't as stupid as people may think.

Unless they are named HBOS and fund a business called Imagine Homes.

PasturesNew

If you collected rent from 900 houses for two months and shoved it into a pension .... and it then takes a couple of years to go fully t1ts up ... can the authorities grab the money back out of the fund?

900 x 2 x £600 = £1million.

chucky

PasturesNew wrote: »

If you collected rent from 900 houses for two months and shoved it into a pension .... and it then takes a couple of years to go fully t1ts up ... can the authorities grab the money back out of the fund?

900 x 2 x £600 = £1million.

i'm sure there must be a way.

these guys would have got advice for this kind of thing and i'm pretty sure that they're prepared for all eventualities so that they're looked after

PayDay

chucky wrote: »

and much, much richer than anyone who post on this forum

Repeat after me. Debt is not wealth.

HammerSmashedFace

chucky wrote: »

and much, much richer than anyone who post on this forum

Is that a good thing ? I can honestly say that I would sooner be me, even if I was eating out of bins than be Fergus Wilson. Looking in from the outside their punsishment is being the people they are.

I still don't understand this idea that money is everything, if you're a nasty, selfish, unintelligent etc... no amount of money can redeem you.