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Cutting off your nose to spite your face

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Comments

  • abaxas
    abaxas Posts: 4,141 Forumite
    Generali wrote: »
    That's unfair. There are lots of business bankruptcies where business expansion runs ahead of cash flow or a creditor goes bust and takes suppliers down with it.

    You cannot absolve people from that failure.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    abaxas wrote: »
    So it wasn't their fault for borrowing the money in the first place?

    Unless they are now sectioned and have proven mental health problems at the inception of the loan. It's their fault.

    What if their business partner embezzles money from their company and legs it?

    I suspect you'll blame the victim for not choosing their partners wisely enough.
  • abaxas
    abaxas Posts: 4,141 Forumite
    FTBFun wrote: »
    What if their business partner embezzles money from their company and legs it?

    I suspect you'll blame the victim for not choosing their partners wisely enough.

    They are still responsible for the loan they took out and should keep to it terms.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    nicko33 wrote: »
    This sort of buck-passing is waste in itself

    Not sure it is. It does make departments think about what needs to be printed, rather than printing and sending just incase.
  • Rainmaker_uk
    Rainmaker_uk Posts: 531 Forumite
    vivatifosi wrote: »
    I can also confirm that many libraries charge more than 10p per page for printing and that's a lot of money to someone printing out a form that's 50-80 pages long.

    They could always put it on the card...
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    That's unfair. There are lots of business bankruptcies where business expansion runs ahead of cash flow or a creditor goes bust and takes suppliers down with it.

    Don't confuse him/her with logic.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • abaxas
    abaxas Posts: 4,141 Forumite
    StevieJ wrote: »
    Don't confuse him/her with logic.

    I'm wrong.

    People should not honour contracts or repay money they borrowed.

    Infact sod it, lets anarchy rule. It's what the populace wants.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    They are still responsible for the loan they took out and should keep to it terms.

    Yes they should but it's not always possible. In those cases there has to be a resolution which is why we have things like force majeur and bankruptcy.
  • abaxas
    abaxas Posts: 4,141 Forumite
    Generali wrote: »
    Yes they should but it's not always possible. In those cases there has to be a resolution which is why we have things like force majeur and bankruptcy.

    I'm not arguing that people cant go bankrupt, just that they have a responsibility to that debt.

    The issue is we are not allowed to force labour or take any financial 'justice' from the situation.

    Bankruptcy is often used as a tool, rather than having any respectability for the original debt.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    Bankruptcy is often used as a tool, rather than having any respectability for the original debt.

    Yes it is but it is also often (especially among businesses) an unfortunate but essential element of capitalism.

    If a business borrows money in good faith to invest in the business and then is unable to repay there has to be a structure to allow the debts to be unwound.

    If you want a society without bankruptcy then you have to have a society without capitalism as you can't have capitalism without capital.
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