Famous bankrupts, past & present

philnicandamy

rog2 wrote: »

HMRC made me bankrupt on a creditor's petition, but I didn't go off on holiday.

Probably a different judge. :rolleyes: :rolleyes:

Hmm didnt have plastic surgery either.....;)

philnicandamy

nomis21 wrote: »

Who is Neil Morrissy? was he friends with peter kay who co wrote pheonix nights or the man behaving badly?

2.5 million in debt as well...looking at an IVA though as JCS1 mentioned.. freinds suggested bankruptcy but he didnt want to take the "easy" way out :mad::mad::mad::mad:


http://www.thisismoney.co.uk/news/article.html?in_article_id=489722&in_page_id=2&position=moretopstories

rog2

philnicandamy wrote: »

2.5 million in debt as well...looking at an IVA though as JCS1 mentioned.. freinds suggested bankruptcy but he didnt want to take the "easy" way out :mad::mad::mad::mad:


http://www.thisismoney.co.uk/news/article.html?in_article_id=489722&in_page_id=2&position=moretopstories

Perhaps he had 'personal assets' to protect, phil - own house etc.

Seems 'strange' that a 'property investment company' was not set up as a 'limited company' in order to minimise 'personal' liability, but perhaps he has been badly advised?

I just hope he hasn't fallen for one of those 'write off your debts' adverts from an IVA factory. :rolleyes:

Possible 'error' in the actual article - they mention that he will be making payments for 'up to three years' - sounds more like an IPA than an IVA. :rotfl:

Anyway - Bankruptcy or IVA - it's still insolvency and, either way, it is 'no easy way out'.

debtinfo

The perils of investing in property looks like a ready made storyline for the next series of bob the builder.

Lost2

Or perhaps Mr Morrissey has a lot to loose if he went Bankrupted


http://en.wikipedia.org/wiki/Neil_Morrissey

Talk about fingers in pies....

script

What an interesting thread…

Now not wishing to be made Bankrupt for libel (can you imagine the legal fees!).

Is it really true that Alan Sugar, Richard Branson, Peter Jones and Simon Cowell were all Bankrupt in the past?

Was it individual Bankruptcies or were companies just put into liquidation.

Also purely out of interest did they petition for their own Bankruptcies or did a creditor petition them?

dane-katie

Hey Kerry Katona is discharged this month, wonder if she got an IPO/IPA??

Shall we put on the bankruptcy sections congrats on her discharge

rog2

dane-katie wrote: »

Shall we put on the bankruptcy sections congrats on her discharge

What a lovely, and selfless, thought. :rolleyes:

philnicandamy

Lost2 wrote: »

Talk about fingers in pies....

Now LOST....I thought we agreed never to talk about that in public again?

debtinfo

Im afraid that the trustee can only collect assets up to the value of the debts plus costs and from what i hear she is close to paying all her debts off through the income already received.