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Originally posted by Badger11
The article I saw didn't explain how a well paid MP got himself into such debt which is a pity. However Cryst is correct if you are owed money by this MP it would be better to see if he can pay it off than for him to be declared bankrupt and you see nothing. On the subject of bankruptcy some people on low incomes deliberately run up debt and then declare bankruptcy. As they live in rented accommodation and have no assets it has no impact on their lives. Three people who are friends did this and what was their debt? Food bills? Housing costs? Utility bills? No, luxury goods on tick, IPhone's, TV's, Game consoles etc one of the three has been made bankrupt 3 time and yet nobody seems to question the type of debt they incurred. And why luxury goods? Well they would buy a phone on tick sell it for cash and then knock the phone company. For balance I worked for a good lady who lost her business when the franchise collapsed even through her store was making money. She lost her home and all her money it had a massive impact on her life. To dig herself out of a hole she applied for her old job at the bank our boss had to get the board to sign off on her because she was a bankrupt if it wasn't for his persistence it wouldn't have happened. Do you live by a crack house/flat? What was the franchise?
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Beckenham has gone downhill fast.
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Originally posted by Badger11
No these are now former friends (Lewisham) they tried to keep it quiet but it leaked out they knew I wouldn't approve. The franchise was a wedding shop, that is a warning to anyone considering buying one. If the Franchise / Holding company /HO goes bust so do you. Edited by Badger11 (04 May 2022 1.50pm) The amount of fraud that doesn’t get investigated. Deliveries using stolen/cloned credit card details Wedding dress business goes bust. Should’ve invested in a brasserie instead.
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Trying to sell wedding dresses to people in a country during the last 2 years of covid / lockdown must have been frustrating. Originally posted by Badger11
No these are now former friends (Lewisham) they tried to keep it quiet but it leaked out they knew I wouldn't approve. The franchise was a wedding shop, that is a warning to anyone considering buying one. If the Franchise / Holding company /HO goes bust so do you. Edited by Badger11 (04 May 2022 1.50pm)
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Originally posted by Dubai Eagle
Trying to sell wedding dresses to people in a country during the last 2 years of covid / lockdown must have been frustrating. Actually I never said when this happened I think about 10-15 years ago. She had a shop in Bromley that was doing well but when the parent in a franchise goes bust you are up the creek without a paddle. It's one of the ironies if you ever buy a franchise they want to know if you are financially sound most people don't think to ask what about you? I am giving you hundreds of thousand of pounds how do I know you wont go bust.
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