You are not alone in 2008!!

tight_jock

Saw in the press today that around 130000 insolvencies are expected in the next 12 months.


Makes mine and mrs TJ`s pale into insignificance really.........best of luck if you are contemplating it or going through it now.

We are all here for you.
:beer:

JulesJay

I second your sentiments tj.

Sending good wishes and hugs to anyone just to about to embark on this journey.

Don't be afraid to come and say hello - as tj said and looking at those figures, you are not on your own and the guys on here will help you out as much as possible.

Off to the land of nod now, take care everyone and happy new year to you tightjock and mrs tj.


Jules x

tight_jock

Heard another gem today

Over 7% of those seeking advice in Norfolk have debts in excess of £100000:eek: :eek: :eek: :eek: :eek: :eek:

Richard_S

Hi Jock,

I know that 100% of the people declaring bankruptcy in our village in 2006 had debts of more than £150k, is that the same sort of thing.:rotfl: :rotfl:

rog2

Such a shame that this forum is not as publicised as the 'predicted insolvency cases' - we will only see a small portion of them, here, and so many will go to their fate' totally unaware of the help and advice that is available.

loopy_lou1

More than £150,000??? OMG. What a state we're in! I didn't have a third of that and I was so scared. I can't imagine what poor people with that kind of debt feel like. I learnt a lesson very late and I only wish I'd done it sooner but credit is so easy to get nowadays and people don't know the serious repercussions of their actions. I blamed myself but the banks have to take some of the blame because they're the ones offering all of this 0% etc., - look at Northern Rock.

Richard_S

loopy_lou1 wrote: »

More than £150,000??? OMG. What a state we're in! I didn't have a third of that and I was so scared. I can't imagine what poor people with that kind of debt feel like. I learnt a lesson very late and I only wish I'd done it sooner but credit is so easy to get nowadays and people don't know the serious repercussions of their actions. I blamed myself but the banks have to take some of the blame because they're the ones offering all of this 0% etc., - look at Northern Rock.

Funnily enough loopy_lou,

We were managing to keep on top of things; just, and were trying to sell a business that could have made a significant difference to the outcome. The irony was that is was some arrogant sh1te from a property company that petitioned for our bankruptcy, and nobody got a penny from it; such unbridled and luxuriant satisfaction.

We're no longer working 80+ hours a week; we're just taking it easy and having fun at the moment. We've got a few ideas and tried one without success, but we no longer have to worry about meeting the repayments on a mountain of debt.:eek:

The whole thing never did worry me unduly, but I actually wake up with a smile on my face now.:D

Richard

rog2

Richard_S wrote: »

The whole thing never did worry me unduly, but I actually wake up with a smile on my face now.:D

Well done on 'sorting' the signature links, Rich. :T :T

tight_jock

loopy_lou1 wrote: »

More than £150,000??? OMG. What a state we're in! I didn't have a third of that and I was so scared. I can't imagine what poor people with that kind of debt feel like. I learnt a lesson very late and I only wish I'd done it sooner but credit is so easy to get nowadays and people don't know the serious repercussions of their actions. I blamed myself but the banks have to take some of the blame because they're the ones offering all of this 0% etc., - look at Northern Rock.

We didn`t quite get to the heights of Rich and Jane`s 150 but pushed them close with over 135:o

.....and , yes, the banks and institutions that dish out the money DO have an obligation to do it responsibly......I have no sympathy with them over the amount they will have their profits trimmed by large numbers of insolvencies this year.:beer:

fiveyearplan

I must be near the £100K mark.

ccastley

Hello all!

I am in the process of considering and IVA or bankruptcy due to loads of problems...

I would love your advice. What would you like to know from me in order to advise.

Crystal