Just what are the facts regarding declaration of bankruptcy?

[Blindjustice]

Just saw over on boards.ie these posts:

Say you did decide to put the keys in an envelope, hand them back to the bank and skip the country, would you have to live outside the EU to be untraceable?

and

Declare bankruptcy.
Start again from nothing, same way you did when you were 18 or so.

Its not as if you have to spend your entire life paying for the mistake you made burying borrowed money in a speculatory investment.

Here in the 21st century, you won’t be thrown in a debtors prison to rot or sold into slavery.

link:
boards.ie/vbulletin/showthre … st52872176

[CelloPoint]

@Blindjustice BATONEFFECT

Just saw over on boards.ie these posts:

Say you did decide to put the keys in an envelope, hand them back to the bank and skip the country, would you have to live outside the EU to be untraceable?

Hey! That’s my quote! Copyrighted to Cantab./CelloPoint 2007

[lobby]

I may be wrong but I don’t think an individual can declare bankruptcy in Ireland, only a company can. Unlike the USA where an individual can declare it.

[Davec]

I know someone who handed back his keys and when pursued explained he had no money. That was the end of it.
However, he might find it hard to get credit again in the country he left.

[Open_Window]

ON top of that accoring to RTEs primetime, Ireland is one of the last EU countries to still throw people in prison for not paying debts, case in point was a lady who owed only a few thousand to a credit union! Nasty. She should never have been in prison, she had a child and was a single paretn (mature one at that if I remember) but none the less the system sent here down.

It probably cost the taxpayer 10 times that amount jsut to process the whole thing from start to finish for what?

Welcome to the Celtic-Circus

[lobby]

@Davec

I know someone who handed back his keys and when pursued explained he had no money. That was the end of it.
However, he might find it hard to get credit again in the country he left.

And he’ll also have to kiss bye bye to any part of the capital that he’s paid off.

[The_Unwelcome_Guest]

@lobby

@Davec

I know someone who handed back his keys and when pursued explained he had no money. That was the end of it.
However, he might find it hard to get credit again in the country he left.

And he’ll also have to kiss bye bye to any part of the capital that he’s paid off.

I knew a guy, worked as a pharmacist.

Declared bankruptcy twice.

Top bloke, complete alcoholic… Just kept moving on!