Oh Dear: Debt...

[NewBoy]

Not sure that having the child was planned or not but she was obviously delighted that she was having a child so I dont think that qualifies her as an idiot.

Dosent matter about the restaurant , as getting rich is not related to what you sell its how you sell it , Alan Sugar started off selling car aerials.

Agreed the saftey net was not there , ie. when things went bad no money to get thro the bad patch , but she cant be held responsibile for the bombings in London , thats just bad luck.

She says that the child was planned for November, so yes it was planned!! I'm all for people taking a risk, but you have to accept that you took a risk and it bombed, and not expect someone to bail you out! Do you think Alan Sugar has ever expected anyone to bail him out? Always worth asking but accept that you have no devine right to expect people to help...

You are right, she can't be held responsible for the bombings, but she can be held responsible for not planning for the unexpected. I went into business earlier this year and have a years salary in the bank just in case...now if on a whim I decided to use that money on fancy premises and fancy laptops and maybe a couple of staff because right now things are good, would you have any sympathy for me if in 6 months time I was skint and didn't have any work because the retail market crashed? Bad luck is normally bad planning!

I worked damn hard to get my emergency fund and I wouldn't go it alone until I had it...I accept that many people are happier to take risk than me and probably 80% of the people on here have gone it alone without the slush and taken the risk...but if it all goes Pete Tong then I'm pretty sure they will take it on the chin and not blame bad luck!!

This woman must employ people through her restaurant so she has a responsibility to those people to make sure she has a solid business case and every businessman I have ever met has told me that I should not expect to make a profit in the first year...

It's 11.30pm where I am right now and this is still pissing me off...the woman just wants to blame everything and everyone but herself...if she accepted she made a mistake, and she sold her 2 buy-to-lets and her restaurant and her husband got a normal job and she took a part time job in the evenings or weekends, and then she asked for help then I would respect her and who knows, I might even give her a couple of quid!!! But oh no, she just wants everyone else to sort out her mess!

[vista]

Yep

...if she accepted she made a mistake, and she sold her 2 buy-to-lets and her restaurant and her husband got a normal job and she took a part time job in the evenings or weekends

This is the key isn't it, the trick is often to recognise when its gone pare shaped, pull the plug, consolidate work hard, apply the lessons learned and try again.

Bleating to the BBC is a waste of time (though the venting may have helped her emotionally), the debt holiday response from the halifax and the other bank was a result though wasn't it, you don't get if you don't ask.

[stackpole]

Not sure that having the child was planned or not but she was obviously delighted that she was having a child so I dont think that qualifies her as an idiot.

She was at pains to point out it was planned.

However, if you wait until you are 36 before having kids there's no time to lose. In which case starting up a restaurant at the same time was bad planning.

[Sysman]

If I could have all the money back that I'd spent on women and wine, then I would spend it again on women and wine.

But with the benefit of experience, better quality women and wine.

[BlasterBates]

But hang on she has 3 properties and a restaurant, why can't she just sell the buggers, and then live off social security.

Problem solved.

[Joe Black]

Why?, because she wants it all.

She wants to be able to keep the restaurant while not paying the creditors, have a baby and not work, collect rent from her buy-to-lets while not paying the mortgage etc...