Most people do pay their debts if they can.
If they are bankrupt, they can't. It happens.
If they can pay their debts, the courts will not allow them go bankrupt.
Brendan
But how do the UK courts have any idea of what the person really has ?
Do UK bankruptcy courts investigate how much the person paid family members or close friends prior to ceasing trading? Suddenly, a wife or brother .
...., even a 5 year old child understands that half is better than nothing.
I am not speaking of this particular case but I am aware of the supposed 'suffering' of a speculator who is supposedly in the UK filing for bankruptcy.
.
Are you saying there is no pain to a bankruptcy?
Are you saying there is no pain to a bankruptcy?
There is for creditors anyway
There seems to be more pain for couples with children who have to move to the UK and live in a one bed flat in an undesirable part of London with little to no income.
These people did not squirrel lumps sums of cash to their family for the purposes of buying their home and then gifting it back to them on completion of bankruptcy.
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