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Giving bankrupts a bad name.

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Comments

  • Whirlee
    Whirlee Posts: 113 Forumite
    Wondered if anyone had spotted this one http://www.tivysideadvertiser.co.uk/news/9457989.Woman_jailed_after_house_sale/.

    Surprised a 62 year old got sent to prison!
  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Pensioners are still bound by the laws of this land so if jail is warranted...
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    although courts do often apply a more lenient sentence for the ill or old such as a suspended sentence, there are not that many crimes which have a mandatory prison sentence attached so often it is in the judgement ofthe judge

    the thing with these cases is we often dont find out the final income, such as in this case now it has been proved then the IS will be trying to track down the proceeds and recover them perhaps from those friends and family
    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.
  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    That article did say the Judge took into account the person's advanced age, but still applied a jail sentence so it was presumably warranted by law.
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • CKhalvashi
    CKhalvashi Posts: 12,134 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Whirlee wrote: »
    They were all small local businesses. I guess they don't routinely run credit checks.

    Even when we were small (I mean going back to 3 employees and a minimal turnover), I was handing credit check forms to those that we were taking on (Artists got paid, then us originally, now it’s the other way around, as was for those that failed credit checking!), with many people thinking I was mad!

    Nobody has defaulted on me yet, and I’m hoping to keep it this way!
    💙💛 💔
  • Whirlee
    Whirlee Posts: 113 Forumite
    This guy had £23k in cash and decided to vanish it after the petition had been issued against him. Ended up with 6 months and costs of £1k. Maybe he'll use some of the vanished money to pay the costs?

    http://nds.coi.gov.uk/content/detail.aspx?NewsAreaId=2&ReleaseID=423028&SubjectId=15&DepartmentMode=true
  • this guy is still getting credit i worked for him, he owes me 1500 wish i had seen this before i worked for him
  • if anyone is interested, the company name is/was J Morgan Yeovil walking floor transport
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