Winding down due to the reccession.

[Jono Pashley]

do i get any discount??

Sure, wonder what trade price is for a big mac lol

 

[ianmacd]

Sorry to hear that. Best of luck.

Ian.

 

[batty]

I am really sorry to hear that Nigel. I am hoping this is going to be a very short recession. I know you do the pat but i am getting more and more companies and the like asking for certs for installations maybe you could branch out just doing testing only an idea. Anyway good luck in what ever career you choose.

Batty

 

[Tarzan]

bad times boys,i set up in january. not paid my self a wage yet.

 

[green-hornet]

Really sorry to hear your news ABC,

these are very bad times I think for everyone, I lost

 

[extension15]

:_| Thats it for me folks, as of today I will no longer be trading. :_| ... bills are stacking up & the only way that I can get out of the quagmire is to go bankrupt. :_|

You are not alone....

Best of luck, my friend and if Bankruptcy is the old way forward then do it.

regards

Kev

 

[Evans Electric]

Sorry to read this thread , ABC, I hope something turns up for you. I'm sure you know what you are doing , but can I say that you must look into the bankruptcy side of it very carefully as it can have far reaching effects. Your credit cards will be withdrawn, you wont get credit anywhere, such as BT , British Gas, Electric will be have to be on card meter, no hire purchase etc. If you are a sole trader , might want to put the house in Mrs. ABC,s name. I think it lasts for 5 years too, well it did for a mate of mine about 15 years ago. Just saying take some expert advice first, best of luck. :|

Deke

 

[The Godfather]

Sorry to read this thread , ABC, I hope something turns up for you. I'm sure you know what you are doing , but can I say that you must look into the bankruptcy side of it very carefully as it can have far reaching effects. Your credit cards will be withdrawn, you wont get credit anywhere, such as BT , British Gas, Electric will be have to be on card meter, no hire purchase etc. If you are a sole trader , might want to put the house in Mrs. ABC,s name. I think it lasts for 5 years too, well it did for a mate of mine about 15 years ago. Just saying take some expert advice first, best of luck. :| Deke

Well Deke, I'll correct you:

It lasts for 12 months.

Check here for all the information:

http://www.insolvency.gov.uk/

(Gas/Electric does not have to be on a prepayment meter, nor will you automatically loose your home)

The Godfather

 

[SPECIAL LOCATION]

:_| :_| :_| :_| :_|

Bad news m8! really really sorry to hear this :|

wish you all the best getting some other work sorted:x

Only positive thing I can think of saying at the moment is...

YOU HAVE GOT QUALIFICATIONS WOT CANNOT BE TAKEN FROM YOU!Applaud Smiley

when things do start to pick up again, if you wanted to, I am sure you could re-use you qualifications and experience to start earning money again.

In the mean time...

Priority 1. LOOK AFTER AND BUILD UP THE IMPORTANT THINGS IN LIFE...

(partners, family close friends). :x

Priority 2. Do NOT bottle things up and get stressed out! speak to someone you trust {family OR friend}

Priority 3. Try and sort out work to earn a bit of cash and keep yourself in the workforce.

All I can do is sink a beer in commiseration friend. :x :x

Guiness DrinkGuiness DrinkGuiness Drink

 

[Evans Electric]

Well Deke, I'll correct you:It lasts for 12 months.

Check here for all the information:

http://www.insolvency.gov.uk/

(Gas/Electric does not have to be on a prepayment meter, nor will you automatically loose your home)

The Godfather

Well I'm glad to hear that, I was describing what happend to a mate, things must have changed.

 

[D Brennan]

Well Deke, I'll correct you:It lasts for 12 months.

Check here for all the information:

http://www.insolvency.gov.uk/

(Gas/Electric does not have to be on a prepayment meter, nor will you automatically loose your home)

The Godfather

Although it only lasts for 12 months it follows you around for many years to come... be carefull and avoid if possible

 

[Badger]

abc you really need to think deeply about bankruptcy as like has been said although it relieves you of the debts you have to pay back, you wont get credit for many years. it has god pros and cons like everything, just think very carefully before been to hasty

 

[batty]

abc you really need to think deeply about bankruptcy as like has been said although it relieves you of the debts you have to pay back, you wont get credit for many years. it has god pros and cons like everything, just think very carefully before been to hasty

Badger are you sure of that. A company that did the bankcrupcy thing to me owing quite a few hundred pounds is now back in business and doing very nicely and I have never seen a penny of my money.

Batty

 

[a1]

Must be trading under a different name Batty. IE: His Wife.

He cannot even sit on a board of directors, if has been declared bankrupt.

 

[batty]

Must be trading under a different name Batty. IE: His Wife.He cannot even sit on a board of directors, if has been declared bankrupt.

It p..sses you off though that these people can do what they do although sometimes it may not be there fault many a good firm has gone under due to other firms going bankcrupt and also credit crunches.

Batty

 

[a1]

Indeed it does Mate.

 

[The Godfather]

Bankruptcy is not a crime, for the genuine people concerned.

(Ltd companies to one side)

The economy has collapsed in a big way, there are many on hard times after being made redundant or feeling the effect of the decline of the Constuction industry, for example.

It no longer carries the stigma it once did, and for the majority it is all over in 12 months or less.

As for many on here mentioning credit (being denied, as a result of), once discharged the only way is forward and it won't be too long before the Status Quo (credit rating) is restored to a viable number.

Although I suspect many (after bankruptcy) will treat credit/loans etc with a high degree of caution.

You can still go about your business, but in your own name (like many self employed do).

With overwhelming debts and no viable means to pay, bankruptcy should not be frowned upon.

Can I ask if any members have an issue with this subject in general they open the topic up, in a separate thread in this forum.

The Godfather

 

[SPECIAL LOCATION]

Bankruptcy..... ... Can I ask if any members have an issue with this subject in general they open the topic up, in a separate thread in this forum.

The Godfather

Applaud SmileyApplaud Smiley