Article in Independent today (Sat)

Cinderbrook

An article saying how everyone should be a bit more sympathetic towards those who are bankrupt as it might be them one day. Actually a bit dismal as she mentions BR's being like social lepers - nice! Call me cynical but I don't suppose she's having a few probs with her piggy bank herself.


http://www.independent.co.uk/money/invest-save/kate-hughes-best-not-to-be-sniffy-about-bankruptcy-808102.html

maxmycardagain

UNCLEAN

UNCLEAN

UNCLEAN

stop picking that!

fiveyearplan

At least we get to keep our bedding, as she says, everything else gets sold off.

empty_wallet_2

I see her report is full of mis-information as many press reports are. What she says (below) is how i perceived BR being due to a program i saw on BBC1, where they made it look like the court baliffs would remove all your possesions, how wrong they were.


"And let's be clear on the myth that bankruptcy is the easy way out. If you chose this route you will no longer be in control of your assets and may lose your home. In fact, you may only be able to keep household possessions like bedding, clothing and furniture, or things you need for work.
Everything else will be sold off."

maxmycardagain

and, as extra punishment......

maxmycardagain

fiveyearplan wrote: »

At least we get to keep our bedding, as she says, everything else gets sold off.

whose gonna want a lepers bedding?......

dalip

maxmycardagain wrote: »

whose gonna want a lepers bedding?......

Very good max i like it:D

creditcardshuffler

And yes, there is the tiny possibility that you can get a reduction on those fees if you are a step away from living in a cardboard box.

You had a cardboard box to sleep in? you were lucky all we had is..........

wherediditallgo

It could have been a very supportive piece if she hadn't ruined it by including exaggeration. When you're talking about people's lives, you need to be more concerned about providing facts. The way she's written this may be the way she expresses herself verbally (& she may hold genuinely passionate views on this), but it's inappropriate for this subject in written form, & has resulted in us now supposedly being people to be pitied, which I didn't think was going to be the objective at all.

Praxis99

Its not a paper I normally read, but I took a look online and the article is very similar to another I read recently in the Guardian (possibly the same one in fact).

The article appears on the face of it to be written from a sympathetic angle; but the authors use of language perhaps betrays her truer feelings on the matter and some of the misinformation contained therein is only likely to perpetuate some of the myths surrounding going BR and cause potential distress and worry to anyone uninformed as to the actual reality of what going BR entails.

dodecanese

I like your post Max- very funny.
like Praxis-I find it a "sympathetic" article- but possibly showing her true feelings-. Its also full of innacuracies-Im allowed to keep bedding?? And students may hesitate before clearing off university debts?- student loans you are liable for anyway.
Well, I may be a financial leper- but at least I can keep my duvet.