23K 'wiped-off' in 6 months...drastic but quick way to get rid of debt

Dammam

I hope some of you aren't having a go at me for what I posted at the very start. I didn't make a judgement on the holiday as such, just said it stuck out like a sore thumb in a post about writing off a huge debt.
As I mentioned, my father-in-law went bankrupt through his business, but his extravagant lifestyle was to blame. He learned absolutely NOTHING from it and I can see him heading the same way again. Before going under, he hid, moved, transferred etc every assett he had to keep it from the creditors.
His daughter and her husband went bankrupt (for a 2nd time) and did much the same thing, spent to the absolute limits on all their credit cards and even took out new ones which they proceeded to fill up. Got as much cash as they could on loans and then wallop - bankrupt. They then had no debts but all the latest electrical equipment, clothes, pile of cash etc and a car in her brothers name on "loan". I don't know how thorough the OR was, but he didn't think there was anything unusual in all this spending. They all thought I should go the same route when I had my redundancy & money problems and to this day consider me a mug for working to pay the debts (which I signed for without being coerced in any way by the banks).

I made no comment on my original post other than to point out that there would be a number of different opinions on such a highly emotive subject - which has been true.
Bankruptcy for many people is the only option, no argument. But from the personal experiences I cite above, it IS too easy for unscrupulous people to play the system and get something for nothing.
I know people hate moral arguments (I do myself generally), but how often do you hear people bemoan the state of this country? The crime, violence, lack of respect, laziness etc all comes from a LACK of moral responsibility - not at all related to the original post, but the thread has sort of meandered in this direction hasn't it? We really don't know what OPs GF spent the money on, or where all the goods ended up, so we all assume that it went on the good things in life - I think that's fair given that the OP hasn't stated anything to the contrary (my apologies if he has & I've missed it amongst all the posts). The other posters amongst you who thing people are being harsh and judgemental about bankrupts, I think it has been plain to see that they generally support bankruptcy, but not people who abuse the system. The more people who DO abuse the system, the more the rest of you will be treated with suspicion as "all bankrupts are the same" - that's the sad thing, the peole who really need bankruptcy may be put off by the social stigma caused by the chancers who play the system.

I now feel morally refreshed.

(P.s I'm not perfect - I ran up debts of over £20,000 after bereavement & redundancy. I was very stupid! But I've paid the bills and now I'm clear again. Unfortunately, I still have 2 CCJs on my record which means that, although they have been paid, I am in the same situation as OP's GF - difficult to get a competitive mortgage - my previous one was 3.75% over the base rate! Now it's just 2% over).

bealzibub

CTT wrote:

Lets get this straight buddie. You are at work and paid to do a job but instead of doing that job you are gainfully employed with your fellow colleagues looking through a message board. IMHO you sound a bit of a creep.

You fool.

You make too many assumptions.

I, along with my brother, OWN the company and can do any damn thing I please during whatever break I care to take.

Dammam

Bealzibub. I think you need to re-read the posts again. I've found some of them quite entertaining and, generally, the thread has shown the great spread of opinion on a very emotive subject. I think it has been quite interesting and pretty much sums up British opinion on the subject better than any MORI poll could manage.

But I guess you aren't here to read it now.

helen21_2

bealzibub wrote:

You fool.

You make too many assumptions.

I, along with my brother, OWN the company and can do any damn thing I please during whatever break I care to take.

Nice one

helen21

Dammam

bealzibub wrote:

You fool.

You make too many assumptions.

I, along with my brother, OWN the company and can do any damn thing I please during whatever break I care to take.

That's unfair - you invited people to slag you off