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Tracey Edwards Declared Bankrupt

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Times Online link from July 2005 - the background :

http://www.timesonline.co.uk/article/0,,22...1698534,00.html

Edit: Finally declared bankrupt after a long fight, forced by her former financial director for £60k, BBC link [05/Sep/05]

http://news.bbc.co.uk/1/hi/england/berkshire/4215446.stm

Edited by spline

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The loan for her yacht and money owed to crew and promotions companies amounted to £6.3m.

However, it has been reported that Ms Edwards, who was brought up in Swansea, south Wales, has personal debts of £8m.

It is thought she could lose the farmhouse she shared with her five-year-old daughter and mother in Yattendon, near Reading, Berkshire.

Oh ffs what a messed up world.

" she could lose".... personal debt of HOW MUCH!

OMG.

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The loan for her yacht and money owed to crew and promotions companies amounted to £6.3m.

However, it has been reported that Ms Edwards, who was brought up in Swansea, south Wales, has personal debts of £8m.

It is thought she could lose the farmhouse she shared with her five-year-old daughter and mother in Yattendon, near Reading, Berkshire.

Oh ffs what a messed up world.

" she could lose"....  personal debt of HOW MUCH!

OMG.

Losing a debt does not seem to me much of a hardship on the debtor, more on the people lending the money.

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There you go....lets spin this around. It wasn't BTL that got her, it was farting around doing what she'd like to do in life rather than investing for her future.

:lol:  :lol:

And we wouldn't want to encourage doing things we'd like to do would we? O no. Life shouldn't be about that should it? It should be about dreary drudgery in exchange for buying houses that already exist and have been bought several times already.

What is the obsession with "investing in the future"? Why not invest in the present. Why not do something you want to do? It might even be more interesting than slaving to meet the absurd requirements of modern life and the expectations of others.

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Why not do something you want to do?

You crazy fool! Your entire life should be spent skimping and saving for the day in your seventies when you can finally retire to your 'park home' and spend your time doing what you want to do.

Why, the very idea of spending your life following your dreams rather than slaving away for a few years of retirement is just madness. Our entire society would collapse if people did that.

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What is the obsession with "investing in the future"? Why not invest in the present. Why not do something you want to do? It might even be more interesting than slaving to meet the absurd requirements of modern life and the expectations of others.

Yep. Do what you want to do and let others pay the bill. That's the ticket! :)

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Do what you want to do and let others pay the bill. That's the ticket!

Nice straw man argument, however no-one on this thread is condoning what Tracey Edwards has done in terms of racking up huge amounts of personal debt (in fact if you have perused this board for more than five minutes you will see that this is anathema to most posters), however the sentiment of following your dreams etc is is much to be admired.

it was farting around doing what she'd like to do in life rather than investing for her future.

What's the point of investing for the future if "the future" only consists of more of the same? When does "the future" become now? Otherwise you run the risk of slaving away all your life dreaming of a carefree and luxurious retirement only to drop dead aged 65 the day before your pension starts, or even worse being bedridden, frail and with chronic disabilities (ie inability to walk without pain, arthritis, etc) but with a plentiful pension to pay the nurses who have to wipe your ar5e for you and do all the things you can no longer do for yourself. A gilded cage indeed.

Also a case of caveat creditor. The fact that she has been able to run up £8m of personal debt in the first place tells me a lot of imprudent lending has been going on.

Edited by IPOD

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Otherwise you run the risk of slaving away all your life dreaming of a carefree and luxurious retirement only to drop dead aged 65 the day before your pension starts

Or become one of the multitude who've spent so many years slaving away that when they do retire they discover they don't know how to do anything else, and soon die of boredom.

The religion of 'retirement' is just a weak variant on Christianity: slave away through this life so you will be rewarded at the end. I'd rather work 'til I die and take 'retirement breaks' along the way.

Edited by MarkG

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You crazy fool! Your entire life should be spent skimping and saving for the day in your seventies when you can finally retire to your 'park home' and spend your time doing what you want to do.

Why, the very idea of spending your life following your dreams rather than slaving away for a few years of retirement is just madness. Our entire society would collapse if people did that.

You crazy fool!

By the time we are O.A.P.s, the goalposts will have been moved again!

You will be reqired to earn your right to access your weekly pension - by blowing bubbles in Aero bars till your very last breath!

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There you go....lets spin this around. It wasn't BTL that got her, it was farting around doing what she'd like to do in life rather than investing for her future.

Yeah, no point in getting world wide recognition when you can rent out a few houses in South London.

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i agree with the take breaks thing entirely

take a gap year

why oh why do these sad people, spend all there life, doing first o levels then a-levels the a degree and then 2 weeks later join a company.Talk about a sad existence, yeah sure you will be in there quicker and progress quicker but your just a slave.

spend a year on the dole when your young i say, smoke hash and drink lots of beer and date as many woman/men as you can. then do a bit of uni and take a gap year.And when youve qualified take another year out.

then do the same every 3 years or so the rest of your life.

And for what, to show your neighbours your new car and to let your boring wife steal it all from you or spend it all either way.

ive lived all over and in a few diffrent countries, when iw as at school i was more intrested in girls and sport than sitting doign maths, but we all know the sad little gits that diligently spent there friday nghts revising there english exam to grab an A

And we know most of these people are now the drones in the public service

get a life not a new car

Edited by homeless

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who cares about her? Did you read this in the same page :)

BY WINNING the European Cup, Liverpool have gained an extra ten million fans across Europe, making them the third-most popular team behind Real Madrid and Barcelona, according to a biennial report published today. Sport+Markt’s European Football Monitor finds 18 million people aged 18 to 69 in the five key media markets declaring themselves Liverpool fans. The effect of having Rafael Benítez in charge has also resulted in Spanish football fans switching allegiances from Arsenal and Manchester United. The Merseysiders’ support in Spain has quadrupled in the past six months, while Arsenal’s has halved and United’s has fallen by a third.

Thanks for the links

(Sorry couldnt help it) :rolleyes::P

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There you go....lets spin this around. It wasn't BTL that got her, it was farting around doing what she'd like to do in life rather than investing for her future.

:lol:  :lol:

Would it be possible to Raise The Rent on her boat - high enough to cover the mortgage payments on it? Or is it not parked in an up-and-coming area? Could always chop the sails off and sell it as a house... :D

Nomadd

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I think there are worse things to do in life than being a competent yachtswoman.

Irresponsible lending surely a factor here.

Wonder if she declares herself bankrupt, and uses the publicity to go sail some rich type's yacht around the med/bahamas.

I wonder if energy issues will make sail an economical method of transporting goods again?

/G

EDIT. Apols. Will read article before posting in future.

Edited by backtoparents

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
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      • up 5%



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