Bankruptcy - Does it affect employment?
A friend of mine has two under his belt. It means nothing these days and the consequences are slight compared to the slog of repaying the debt plus interest.
Its not as if these banks actually hand over savings deposits to people. They invent the money. It never existed. Go bankrupt and don't pay it back - some numbers on a screen somewhere are arranged differently. Better that than worrying yourself to the edge of Beachy Head about a level of debt that should never have been offered to you by people who should know better.
WWW
Its not as if these banks actually hand over savings deposits to people. They invent the money. It never existed. Go bankrupt and don't pay it back - some numbers on a screen somewhere are arranged differently. Better that than worrying yourself to the edge of Beachy Head about a level of debt that should never have been offered to you by people who should know better.
WWW
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Ah yes "friends". Not something that propelled you to your current position then? The ramifications from a bankruptcy can involve losing your home, and or diffculties in being able to finance one in the future. Loss of competitiveness when others can borrow money and you cannot.
Problems with families and relationships when money that might have been available to you, now isn't.
It is all very well to promote the idea of bankruptcy as a harmless and inconsequential solution, justified by your perception of the folly of others, but it is at best irresponsible and should come with a serious health warning.
Problems with families and relationships when money that might have been available to you, now isn't.
It is all very well to promote the idea of bankruptcy as a harmless and inconsequential solution, justified by your perception of the folly of others, but it is at best irresponsible and should come with a serious health warning.
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I am with WWW on this one, if the debt is unsecured and is taking it's toll then bankrupcy will not ruin your life. If the debt is that unmanageable then the chances are you wont be able to get a mortgage or any other form of borrowing anyway. Once a bankruptcy is cleared, it is cleared and borrowing beyond that is unaffected - certainly in the cases I have heard of. If the debt is secured then bankrupcy could be a major problem for someone else. It is then your responsibility to dedicate your life to servicing the debt until it is cleared.
And this is my problem with the Ryanair TR for integrated cadets. A bunch of desperate buggers typically with £20K of uni debt, £/E100K of training debt and E45K of TR debt (taking into account terms of the debt).That's about E175K of debt! You may be a pilot but you'll have nothing to show for it and when you retire, you'll really see the consequences then. I am not having a go, I am just saying. And you'll need E60K to service the debt.
And this is my problem with the Ryanair TR for integrated cadets. A bunch of desperate buggers typically with £20K of uni debt, £/E100K of training debt and E45K of TR debt (taking into account terms of the debt).That's about E175K of debt! You may be a pilot but you'll have nothing to show for it and when you retire, you'll really see the consequences then. I am not having a go, I am just saying. And you'll need E60K to service the debt.
23 year old wannabes with nothing to their name other than a blue book from the CAA and a £80k training debt are going bankrupt every day. They'd be mad not to. The judges love it. Easiest ruling they made all day.
If Wannabes are unaware of how others seem able to fund a whole Frzn ATPL and THEN fund a type rating then all I'm doing is removing ignorance.
The average Wannabe is a man of straw.
More fool the banks who wrote him a loan of invented money.
WWW
If Wannabes are unaware of how others seem able to fund a whole Frzn ATPL and THEN fund a type rating then all I'm doing is removing ignorance.
The average Wannabe is a man of straw.
More fool the banks who wrote him a loan of invented money.
WWW
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Wee Weasley Welshman
Finally a post of yours that I 100% agree with. A friend of mine went bankrupt last year and he said it was the easiest 5 mintutes of his life. The judge was more interested in talking about aeroplanes than money
Finally a post of yours that I 100% agree with. A friend of mine went bankrupt last year and he said it was the easiest 5 mintutes of his life. The judge was more interested in talking about aeroplanes than money
I get this a lot via PM.
Its rife.
Those who don't used planned bankruptcy are mugs.
Brutal.
True.
WWW
Its rife.
Those who don't used planned bankruptcy are mugs.
Brutal.
True.
WWW
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Maybe I should change my plan
1 - give the money saved towards my atpl to the well paid missus to use as a deposit for our first house (all in her name)
2- take out loads of credit cards in my name while i am still working in a decent job.
3- fund all cpl/ir on cards
4 - declare myself out the game, i have no assets, yet me and my-unmarried missus have a house brought in the price crash and i have my cpl/ir. Kinda of a 2 for 1, as once i had my CPL i was gonna have to start saving all over again for a house!
Would that plan work? I think I could live with the hassle of using top-up cards on my mobile if it meant I could would get a house as well as my CPL!
maybe i will do some research into this....!
1 - give the money saved towards my atpl to the well paid missus to use as a deposit for our first house (all in her name)
2- take out loads of credit cards in my name while i am still working in a decent job.
3- fund all cpl/ir on cards
4 - declare myself out the game, i have no assets, yet me and my-unmarried missus have a house brought in the price crash and i have my cpl/ir. Kinda of a 2 for 1, as once i had my CPL i was gonna have to start saving all over again for a house!
Would that plan work? I think I could live with the hassle of using top-up cards on my mobile if it meant I could would get a house as well as my CPL!
maybe i will do some research into this....!
23 year old wannabes with nothing to their name other than a blue book from the CAA and a £80k training debt are going bankrupt every day. They'd be mad not to. The judges love it. Easiest ruling they made all day.
If Wannabes are unaware of how others seem able to fund a whole Frzn ATPL and THEN fund a type rating then all I'm doing is removing ignorance.
The average Wannabe is a man of straw.
More fool the banks who wrote him a loan of invented money.
WWW
If Wannabes are unaware of how others seem able to fund a whole Frzn ATPL and THEN fund a type rating then all I'm doing is removing ignorance.
The average Wannabe is a man of straw.
More fool the banks who wrote him a loan of invented money.
WWW
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Integrity?
Do our elected politians have integrity when they submit huge expense bills to clear their moats? Or pay their children out of tax payers money for doing fictitious jobs? Or perhaps the married MPs that lived in the same house together and both claimed a second house allowance have integrity?
Ok so they are politicians, we cant expect them to have integrity.
How about the poor old banks? Surely they must have integrity when they dish out loans and mortgages to people that could never afford them? Or they must be good honest people when the tax payer bails them out, we wouldn't bail out crooks would we? What about when the govenment makes lots of crisp new money notes for them and they dont lend it to small buisnesses but yet still pay themselves bonuses? Or perhaps Fred the Shred has integrity when he takes his £16m pension for nearly sending a bank under?
What about the d list clebs that spend 6 months of their life auctioning off their vagina to a football team and then go crying to the press after they have been mistreated by some paparazi, probably the same pap that made the a d-list celeb in the first place. Do they have integrity?
Or what about the FTO's? They are honest aren't they for they are brother pilots are they not? Surely they must have un-told intregrity when they promise 18 yr old wannabe's that by paying them 70k they will walk striaght into the right hand seat.
Perhaps the only people that our leaders want to be honest are their subjects, for it makes them more money.
I work 7 days a week at the moment, have done for the last 18 months whilst studing for my atpls every night (next day off Dec 19th...) Perhaps its about time i stuck 2 fingers up to the twats mentioned above and undertake my cunning plan, for sure I have no role models in the public domain to teach me integrity.
Do our elected politians have integrity when they submit huge expense bills to clear their moats? Or pay their children out of tax payers money for doing fictitious jobs? Or perhaps the married MPs that lived in the same house together and both claimed a second house allowance have integrity?
Ok so they are politicians, we cant expect them to have integrity.
How about the poor old banks? Surely they must have integrity when they dish out loans and mortgages to people that could never afford them? Or they must be good honest people when the tax payer bails them out, we wouldn't bail out crooks would we? What about when the govenment makes lots of crisp new money notes for them and they dont lend it to small buisnesses but yet still pay themselves bonuses? Or perhaps Fred the Shred has integrity when he takes his £16m pension for nearly sending a bank under?
What about the d list clebs that spend 6 months of their life auctioning off their vagina to a football team and then go crying to the press after they have been mistreated by some paparazi, probably the same pap that made the a d-list celeb in the first place. Do they have integrity?
Or what about the FTO's? They are honest aren't they for they are brother pilots are they not? Surely they must have un-told intregrity when they promise 18 yr old wannabe's that by paying them 70k they will walk striaght into the right hand seat.
Perhaps the only people that our leaders want to be honest are their subjects, for it makes them more money.
I work 7 days a week at the moment, have done for the last 18 months whilst studing for my atpls every night (next day off Dec 19th...) Perhaps its about time i stuck 2 fingers up to the twats mentioned above and undertake my cunning plan, for sure I have no role models in the public domain to teach me integrity.
Last edited by UAV689; 23rd Sep 2009 at 23:07.
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Everyone else I read about in the papers is a liar and a cheat so why shouldn't I be?If you can't beat them, vote them out, don't join them!
WWW the only ignorance in your post is the claim you are 'informing' people. What you are actually doing is encouraging fraud and dishonesty, not exactly what you would expect of a professional pilot.
Brutal.
True.
;-)
How can telling the truth ever be fraudulent or dishonest?
Every day Wannabes are using the bankruptcy courts to wash away their £80k training loans.
Its happening.
Its easy.
There are very few snags.
Its therefore logical.
Some Wannabes don't know this information.
Those reading here now do.
Save your moralising because I couldn't give a 5h1t about morals and banks.
WWW
Every day Wannabes are using the bankruptcy courts to wash away their £80k training loans.
Its happening.
Its easy.
There are very few snags.
Its therefore logical.
Some Wannabes don't know this information.
Those reading here now do.
Save your moralising because I couldn't give a 5h1t about morals and banks.
WWW
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Integrity, even if you did run up massive debts as described and then went bankrupt you will still only cost the bank a tiny tiny tiny proportion of what they hand out in bonuses to their staff to gamble with our money, livelihoods and the economy.
Politicians, bankers, Company directors...all taking bonuses, expenses, fiddling, stealing!!!
Do it UAV, consider it your bonus from the banks!!!
Oh, I suddenly feel a bit of an anarchist.........! Take em down brothers, make em pay!
Politicians, bankers, Company directors...all taking bonuses, expenses, fiddling, stealing!!!
Do it UAV, consider it your bonus from the banks!!!
Oh, I suddenly feel a bit of an anarchist.........! Take em down brothers, make em pay!
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Like the above post I have no issues what so ever in getting on over on the banks, they have no right what so ever to claim the high ground on this one, after the last 2 years the mess they have put the world in.
Last night, in bed I was giving it some serious thought - it would allow me to get a house and my CPL. Buy one get one free.
But how would I go about giving my missus the 20k i have in the bank? In the courts it would look like a planned brankruptcy if i give her 20k, then the following week take out 30k on 10 credit cards and 6 months down the line i declare i'm out the game. I dont think it would take the detective prowess of columbo to figure out what i am doing, and surely then there would be ramifications.
Banks always talk about finacial vehicles - perhaps i buy my missus a nice new vehicle, in her name as a xmas pressie, then get the cards out, do my training, go pop, sell her car and then get the house....
Last night, in bed I was giving it some serious thought - it would allow me to get a house and my CPL. Buy one get one free.
But how would I go about giving my missus the 20k i have in the bank? In the courts it would look like a planned brankruptcy if i give her 20k, then the following week take out 30k on 10 credit cards and 6 months down the line i declare i'm out the game. I dont think it would take the detective prowess of columbo to figure out what i am doing, and surely then there would be ramifications.
Banks always talk about finacial vehicles - perhaps i buy my missus a nice new vehicle, in her name as a xmas pressie, then get the cards out, do my training, go pop, sell her car and then get the house....
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Telling the truth is neither fraudulant or dishonest. Telling wannabes to apply for a loan they never intend to pay back is encouraging fraud and dishonesty.
No judge will allow you to delclare bankruptcy based on what you are encouraging.
It's very easy for you to sit there and encourage naive individuals to go through life lieing and cheating and stealing, because that is exactly what you are doing. The very reason the banks are in this mess is because of people like you, with morals like yours. Don't sit on your high horse, comfortable in a well paid job, having got over the hurdles of being a wannabe and then encourage others to lie and steal there way to a license.
WWW no judge ever delights in signing off on someone's bankrupcy and it's naive of you to say so. If you have nothing constructive to say other than others are getting away with it so why don't you try, keep it to yourself!
For those of you naive enough to listen to his clap trap, consider this, if you were sat in the interview chair and the chief pilot asked you about how you financed your license, what lies would you tell to cover up your planned bankruptcy? or would you be happy to explain how you lied your way to the loan?
Quote -'But how would I go about giving my missus the 20k i have in the bank? In the courts it would look like a planned brankruptcy if i give her 20k, then the following week take out 30k on 10 credit cards and 6 months down the line i declare i'm out the game. I dont think it would take the detective prowess of columbo to figure out what i am doing, and surely then there would be ramifications.' - Ramifications like a possible prison sentence, your wife facing criminal charges, loss of your house to pay back the debts etc.etc.
Think long and hard about doing what WWW is very casualy suggesting, perhaps he'd like to put in writing for you and guarantee his house against his advice going wrong?
Incredible that Danny is happy to have people like you as a moderator WWW, you should be ashamed of yourself!
No judge will allow you to delclare bankruptcy based on what you are encouraging.
It's very easy for you to sit there and encourage naive individuals to go through life lieing and cheating and stealing, because that is exactly what you are doing. The very reason the banks are in this mess is because of people like you, with morals like yours. Don't sit on your high horse, comfortable in a well paid job, having got over the hurdles of being a wannabe and then encourage others to lie and steal there way to a license.
WWW no judge ever delights in signing off on someone's bankrupcy and it's naive of you to say so. If you have nothing constructive to say other than others are getting away with it so why don't you try, keep it to yourself!
For those of you naive enough to listen to his clap trap, consider this, if you were sat in the interview chair and the chief pilot asked you about how you financed your license, what lies would you tell to cover up your planned bankruptcy? or would you be happy to explain how you lied your way to the loan?
Quote -'But how would I go about giving my missus the 20k i have in the bank? In the courts it would look like a planned brankruptcy if i give her 20k, then the following week take out 30k on 10 credit cards and 6 months down the line i declare i'm out the game. I dont think it would take the detective prowess of columbo to figure out what i am doing, and surely then there would be ramifications.' - Ramifications like a possible prison sentence, your wife facing criminal charges, loss of your house to pay back the debts etc.etc.
Think long and hard about doing what WWW is very casualy suggesting, perhaps he'd like to put in writing for you and guarantee his house against his advice going wrong?
Incredible that Danny is happy to have people like you as a moderator WWW, you should be ashamed of yourself!
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The thing is if i go down this route, I have funded the license through hard work, I have spent the last 18 months working 7 days a week.
It is the house bit I consider the freebie in the buy one get one free part!
It is all becoming very tempting.
It is the house bit I consider the freebie in the buy one get one free part!
It is all becoming very tempting.
Supercharged PPRuNer
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Save your moralising because I couldn't give a 5h1t about morals and banks.
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Ah a total breakdown of social responsibility right from the top to the very bottom of society.... makes you proud to be British.... 
How did this crisis start again... ah yes it was those bankers... all their fault.... damn them.... in fact it is their fault I forgot the wife's birthday... and that speeding ticket I got... bankers to blame..... drunk driving charge?? Well if it wasn't for those bankers I wouldn't have been drinking....
pathetic .... grow an backbone and take some responsibility for your own actions instead of blaming others.....
How did this crisis start again... ah yes it was those bankers... all their fault.... damn them.... in fact it is their fault I forgot the wife's birthday... and that speeding ticket I got... bankers to blame..... drunk driving charge?? Well if it wasn't for those bankers I wouldn't have been drinking....
pathetic .... grow an backbone and take some responsibility for your own actions instead of blaming others.....