Bankruptcy

[speling bee]

OK. Fair enough. BP I apologise. Of course, I dont know your situation.

I do have a thing about people taking the easy way out with things like bankrupcy (my own brother tried it) but in your case I apologise unreservedly for being unfair to you.

How about taking the easy way out by claiming JSA?

[psychocandy]

And also pretty damned rich coming from somebody not averse to claiming JSA when in between contracts (yes I get that it's legal/above boardallowed/blah blah but it doesn't sit right with me for a presumably well-renumerated contractor to claim something that is intended for people with genuine hardships, just cos you're waiting to land your next contract).

Personal opinion of yours. No-one forcing you.

Its not for people with hardship its for people out of work and seeking a job which is why, its not means-tested.

Some of you lot need to visit some of the less salubrious regions in the uk and smell the coffee. There are literally thousands and thousands of people who claim benefits and who have never worked, and never intend to. Fraudulently claiming benefits is their life.

Yet because I do something perfectly legally its not right.

Also, as someone pointed out once, dont we all use the tax laws to our advantage where we can? How many of you structure your tax affairs in such a way so that you pay more tax because you deem it fair? Not many I guess.

[VectraMan]

I know a couple of people who struggled through business failures and said that with hindsight, they should have just gone bankrupt. It must be sickening to have to work to repay money that could have just been written off.

Don't have a lot of sympathy for BN66ers though.

[psychocandy]

How about taking the easy way out by claiming JSA?

LEGAL claim to JSA you mean?

As opposed to my brother who spent all his tax money on beer, ignored the letters for years, knew he had to pay up, kept spending on beer, then tried to get out of paying the lot by claiming bankrupcy.

(Fortunately, he didnt manage it and he is now paying HMRC back. Hes got off with £1000s so far though which they've knocked off. Doesn't stop him moaning about how hard done by he is and how they are picking on him).

[speling bee]

LEGAL claim to JSA you mean?

As opposed to my brother who spent all his tax money on beer, ignored the letters for years, knew he had to pay up, kept spending on beer, then tried to get out of paying the lot by claiming bankrupcy.

(Fortunately, he didnt manage it and he is now paying HMRC back. Hes got off with £1000s so far though which they've knocked off. Doesn't stop him moaning about how hard done by he is and how they are picking on him).

Now, now. There really is no need to be so defensive.

[cojak]

EXCUSE ME - whose thread is this??

Go off and quibble somewhere else you 2...

[BlueSharp]

I know a couple of people who struggled through business failures and said that with hindsight, they should have just gone bankrupt. It must be sickening to have to work to repay money that could have just been written off.

Don't have a lot of sympathy for BN66ers though.

Totally this, the relief on people i know who have gone through the process due to business failure has assured me that this is the way to go if i had no assets.

[Clare@InTouch]

The new pension rules have caused speculation that pensions may not be exempt from bankruptcy proceedings as they used to be, so be cautious when assuming they are protected...

Budget 2014 & changes to pension rules implication for Trustees in Bankruptcy | WHITEMAUND LLP | business recovery and insolvency specialists | 01273 731144

[eek]

The new pension rules have caused speculation that pensions may not be exempt from bankruptcy proceedings as they used to be, so be cautious when assuming they are protected...

Budget 2014 & changes to pension rules implication for Trustees in Bankruptcy | WHITEMAUND LLP | business recovery and insolvency specialists | 01273 731144

Quickly reading that it seems to say go now rather than waiting for next year.....

[xoggoth]

Sorry to hear it BP. Wrongly ciicked like on your post, it seems to be a clicking wrong buttons morning.