New Posts For Thread: is being bankrupt worse than being in debt?https://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debtwhat happensI've seen celebrities do it then they have the front to go on TV plugging the book talking about how they had it all and lost it all, doubt any of the profit when to those that were owed.https://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548595631#548595631I've seen celebrities do it then they have the front to go on TV plugging the book talking about how they had it all and lost it all, doubt any of the profit when to those that were owed.Wed, 04 May 2016 07:46:40 -0500That's what this bloke did. Never paid for anything. He knew how to play the system.https://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548595539#548595539That's what this bloke did. Never paid for anything. He knew how to play the system.Wed, 04 May 2016 07:30:06 -0500Depends on the amount. Sometimes there is no alternative but nowadays people are using it immorally just to dodge debtswhich could and should be repaid.https://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548594605#548594605Depends on the amount. Sometimes there is no alternative but nowadays people are using it immorally just to dodge debtswhich could and should be repaid.Wed, 04 May 2016 04:55:36 -0500A friend of mine has just started up a new business. The previous tenant left loads of bills and demands in the desk. The guy moved three times and managed to rack up around 40 grand debt each time. Never paid any of it back. Worst that happened washttps://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548594385#548594385A friend of mine has just started up a new business. The previous tenant left loads of bills and demands in the desk. The guy moved three times and managed to rack up around 40 grand debt each time. Never paid any of it back. Worst that happened wasWed, 04 May 2016 03:47:53 -0500The bankruptcy game is a real eye opener.I managed a SME through a liquidation process after the owner was declared bankrupt after a particularly nasty and costly divorce several years ago. The organization appointed to execute the court papers reallhttps://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548594141#548594141The bankruptcy game is a real eye opener.I managed a SME through a liquidation process after the owner was declared bankrupt after a particularly nasty and costly divorce several years ago. The organization appointed to execute the court papers reallWed, 04 May 2016 01:55:17 -0500Just means you can't get your self into any more debt. no more credit. I keep thinking i'm a mug. Get a large loan and go bankrupt? Free money. My relative borrowed for years and lived high on the hog. Went bankrupt and cleared the debts. worked outhttps://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548593961#548593961Just means you can't get your self into any more debt. no more credit. I keep thinking i'm a mug. Get a large loan and go bankrupt? Free money. My relative borrowed for years and lived high on the hog. Went bankrupt and cleared the debts. worked outTue, 03 May 2016 23:55:04 -0500Hard question as written- it's easier to answer the corollary question - getting out of debts is a much better experience as anyone who has cleared a mortgage or repaid a business loan will attest. Not having to pay the interest is great. And the banhttps://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548576253#548576253Hard question as written- it's easier to answer the corollary question - getting out of debts is a much better experience as anyone who has cleared a mortgage or repaid a business loan will attest. Not having to pay the interest is great. And the banMon, 02 May 2016 11:36:08 -0500I think it depends very much on your mindset.A business contact who I met in 1995 was bankrupt, but had re-grouped, and set up another company.He couldn't sign a cheque so his ex wife, but still business partner, couldn't write a cheque as she is dyshttps://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548575837#548575837I think it depends very much on your mindset.A business contact who I met in 1995 was bankrupt, but had re-grouped, and set up another company.He couldn't sign a cheque so his ex wife, but still business partner, couldn't write a cheque as she is dysMon, 02 May 2016 11:17:08 -0500To quote the Jewish angle on this "Two bankruptcies and a fire, and you are sorted"!https://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548575509#548575509To quote the Jewish angle on this "Two bankruptcies and a fire, and you are sorted"!Mon, 02 May 2016 10:57:08 -0500When you have the courts on your side against unscrupulous, heavy handed interest merchants, bankruptcy is more appealing but having a lower credit score isn't.https://community.betfair.com/chit_chat/go/thread/view/94038/30686333/is-being-bankrupt-worse-than-being-in-debt?post_id=548572643#548572643When you have the courts on your side against unscrupulous, heavy handed interest merchants, bankruptcy is more appealing but having a lower credit score isn't.Mon, 02 May 2016 08:06:31 -0500