Stuart's Discussions

Bankrupt or not to bankrupt??
4 Replies

Started this discussion. Last reply by Nikki_83 Aug 5, 2010.

View All

Stuart's Page

Latest Activity

Nikki_83 replied to Stuart's discussion 'Bankrupt or not to bankrupt??'

Hi, I am unable to comment on the business side but my husband and I went bankrupt and are now discharged, when we went bankrupt (we were both 23 yrs old with approx $35,000 debt) a weight was lifted from our shoulders, both of us werent working, I…

Aug 5, 2010

Vonny replied to Stuart's discussion 'Bankrupt or not to bankrupt??'

There's also restrictions with you being a future company director if you have been bankrupt in the past. If you're planning to start a new company, I would check that out.

Apr 24, 2010

Jason Gamba replied to Stuart's discussion 'Bankrupt or not to bankrupt??'

After you have been discharged, I recall my insolvency law lecturer specifically saying, questions about "Have you been bankrupt before?" can be answered in the negative. Whilst not legal advice, I take that response as being…

Apr 22, 2010

Di replied to Stuart's discussion 'Bankrupt or not to bankrupt??'

they say after 7 years of bankruptcy that all's ok. i had a hell of a time finding another loan, then when i did the repayments are so high! really look into it please. good luck

Mar 28, 2010

Bankrupt or not to bankrupt??

Hi all,I am after some advice and ideas from everyone, professional advice thus far has been to declare bankrupt and get it over and done with.This is my situation, I used to own a company that T/O was around $1M p/a. The business had a bad season and went into liq.I have personal loans and c/cards I used for the company that total $87k. The full extent of the directors guarantees have not been realized yet but could be another $100k.I estimate that the minimum amount to service the personal…See More

Discussion posted by Stuart Mar 13, 2010

4 Comments

Stuart updated their profile Mar 13, 2010

Stuart is now a member of FatCat's Money Confessions Mar 13, 2010

Welcome Them!

Profile Information

What is your Money Confession? (Your biggest money win or stuff up): Bankruptcy

Comment Wall

You need to be a member of FatCat's Money Confessions to add comments!

Join FatCat's Money Confessions

No comments yet!

Welcome to
FatCat's Money Confessions

Sign Up
or Sign In

You can also sign up with:

Latest Activity

Sam is now a member of FatCat's Money Confessions Sunday

Welcome Them!

Dre is now a member of FatCat's Money Confessions Feb 2

Welcome Them!

Mark is now a member of FatCat's Money Confessions Jan 9

Welcome Them!

Keith Musgrave replied to Nikky Simpson's discussion 'My Rate'

Hi Nikky, Apologies for the delay, I have been away on hols and a little time off due to illness. All better now. Has your' lender dropped their rates any further since we last communicated? Depending on your' total debt amount, you should…

Oct 20, 2011