double glazing fitter is thinking of voluntary bankruptcy

[startinghandle]

i have been talking to a guy who is a reputable double glazing fitter but he has had some bad debts over the last 5 years and he has had enough and he is worried he could loose his house so he is thinking of voluntary bankruptcy I told him that I know nothing about it but be careful

 

[Exfarmer]

If he owns his house the receiver will take it or at least put a lien on it.
Tell him , No No

 

[PSQ]

If it's debt for replacement windows then he needs to remind each and every PoS that by the end of the month "glass is easily broken".

A catapult and a bag of pea gravel, and a visit at random intervals until the debt is paid in full.

 

[Formatted]

If it's debt for replacement windows then he needs to remind each and every PoS that by the end of the month "glass is easily broken".

A catapult and a bag of pea gravel, and a visit at random intervals until the debt is paid in full.

Or he could go through the courts, like a normal person

 

[PSQ]

Or he could go through the courts, like a normal person

Yes, you would have thought he'd have explored that option sometime in the previous (quote) 5 years.

- He could just roll over "like a normal person" and let this bad debt take his house and destroy his life.
- Or, he could do something about it, and start playing by the same rules as the idle f**kers that think they've 'won'.

 

[franklin]

If his invoices have "windows remain my property until paid for in full" s/he could nip over and take them all out one day....

 

[chipchap]

Did he tell his customers "the Windows will pay for themselves in three years"??

 

[Still Farming]

Everyone and his dog does IVA 's these day's and just starts up again.
Sickening ???

 

[chaffcutter]

Has he applied for ccj’s against the debtors? Most folks are running on credit so get the wind up fast if they are threatened by the courts, we have applied on line for several which have been successful, it does cost about £80 iirc but it does work.

 

[Pasty]

I think we need more info. Are the 'bad debts' money owed to him or money he owes other people? Is he sole trader or Ltd? If he owes money are they banks or trade creditors? If he owes money on cards, when were the cards taken out.

If he goes bankrupt, any equity in his house will be surely assessed and he may lose it anyway.

Etc. etc. etc. etc. etc.

 

[startinghandle]

the guy has closed down his business and he has a job as driver delivering spares