Since when. Where has honour gone? When did we loose the ability to stand for our morals and try to do the right thing for us and society.
"Getting one over on the banks" as you put it is getting one over on me and every other taxpayer in the country.
Thanks for that.
i find this hard to believe and honestly think its impossible. why because just say you had a business here in ROI that went bust. going on this topic the person can simply live up north for 12months and work there. after the 12 months you can come back to ROI debt free!!! find it really hard to believe that its possible
also whats happens if you were a sole trader and your business went wallop ST is responsible for all debt!!!!!
Yes you could say it to your friend.
The insolvency practitioner who conducted the course I attended spoke about a couple of cases where the children of wealthy individuals were availing of this route... to enable them get out of large debt and negative equity and free themselves up to inherit their parents wealth without fear of it being paid to creditors.
Incredible!!
Hi all
I was at a course last week in Belfast.
The course focused on the different methods of insolvency in Northern Ireland and the Republic of Ireland.
During the course of the day, the presenter talked about 'Bankruptcy tourism'.
Where people from Ireland are moving to UK or elsewhere, working for a few months, decaring themselves bankrupt and therefore escaping Irish debts.
If the UK is the country of choice, you are bankrupt for 12 months and are then debt free.
I find this unbelievable and of course its immoral but apparently it is happening. The presenter (an insolvency practitioner) has personal experience of this practice.
And, of course when we look at what David Drum is trying to do, it all makes sense.
I was just wondering if anyone has had personal experience of this?
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