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The higher you fly, the further you fall

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Comments

  • maxmycardagain
    maxmycardagain Posts: 5,853 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    JCS1 wrote: »

    his OR must be ringing when he gets back then....
  • maxmycardagain
    maxmycardagain Posts: 5,853 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    there seems a bit of confusion as to what he owed, his Ltd company debts were £50M but his PGs were "only" £3M
    The entrepreneur, 48, admitted he couldn't pay £50million worth of his debts after the collapse of his property empire at Guildford County Court yesterday.

    He also has three High Court writs against him for more than £3million – owed, he says, to banks for company debts he had guaranteed and not to individual creditors.






  • debtinfo
    debtinfo Posts: 7,012 Forumite
    I see that an IP has been apointed straight away
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    I so wouldnt want that job for sure..
    We all die. The goal isn't to live forever, the goal is to create something that will
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    his OR must be ringing when he gets back then....



    Now you of all max should know all bankrupts are allowed a "modest" holiday....I somehow doubt it's 2wks in Pontins at Southport :D
    We all die. The goal isn't to live forever, the goal is to create something that will
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    gotta be a few bob to be made out of that case though, interesting to see if any of antheas property would considered to have been transfered from him to her at any point
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A lot of money to sort and find.

    right old can of worms.

    Love that he is unemployed now. for a year i think till discharge.:eek:
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    I'd love to see his SOA...
    We all die. The goal isn't to live forever, the goal is to create something that will
  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I must still say if antheas with a BR now she can allways have BR sizzler.

    I will look after her:rotfl:
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    down boy! :rotfl::rotfl::rotfl::rotfl::rotfl:
    We all die. The goal isn't to live forever, the goal is to create something that will
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