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BOOM BOOM and BUST


TheCountOfNowhere
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Gordon Brown said no more boom and bust....he was wrong...

Boom Boom Becker now bust

"Three-time Wimbledon tennis champion Boris Becker has been declared bankrupt by a London bankruptcy court."

http://www.bbc.co.uk/news/business-40358006

I wonder how bust he is.  Being bankrupt doesnt seem that bad these days, if you do it right.

Will the government be buying this poor german immigrant a luxury apartment in kensignton ?

 

 

Edited by TheCountOfNowhere
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Apparently one of the people that independently audits my work has been declared bankrupt twice. Obviously whatever the process is is failing on some level...

Actually, fupp it. Why bother saving and striving? I just found a helpful website discussing multiple bankruptcies. Just live the high life and no worries. Money's not worth the paper is written on anyway.

 

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19 hours ago, btd1981 said:

Apparently one of the people that independently audits my work has been declared bankrupt twice. Obviously whatever the process is is failing on some level...

Actually, fupp it. Why bother saving and striving? I just found a helpful website discussing multiple bankruptcies. Just live the high life and no worries. Money's not worth the paper is written on anyway.

 

The UK is a prime destination for 'bankruptcy tourism' as it's legislation is so lax.  The EU makes it easy for citizens of any member state to do so but  It's particularly popular with Irish citizens who face a minimum three years, potentially up to twelve years of bankruptcy in Ireland, but can petition in the UK after allegedly being resident for a period of time and establishing a 'Centre of Main Interest' and face only a year before discharge.  It was particularly popular in the wake of the financial crisis and slew of property-related bankruptcies.

https://en.wikipedia.org/wiki/Bankruptcy_tourism

https://www.bankruptcy.co.uk/tag/ireland/

https://www.theguardian.com/world/2012/may/27/irish-dodge-debts-uk-bankruptcy-tourism

 

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