Thursday, May 31, 2007

Will You Be The Millionth Customer of The Insolvency Service?

News Article

Actually quite sad this article. It looks as if 1m households face Court action for debt that could lead to a repossession. Should they be compensated?

Posted by orwell @ 05:08 PM (6 views)
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4 thoughts on “Will You Be The Millionth Customer of The Insolvency Service?

  • talking rot says:

    Orwell

    The BBC ran a series about a young freelance journalist Mum-to-be who ran into debt – luckily she was bailed out by the BBC. She did not get much sympathy. I suspect, lenders will also be unsympathetic when they face large bad debts. I also suspect you know what the majority of Bloggers will write in response to your question “Should they be compensated.”

    We’ve been around this buoy several times and if I recall correctly, the case for “Adults should be responsible for their actions” was more convincing then “Adults should be bailed out when they’ve been duped by lenders into believing they can afford vast debts.”

    I’ll be interested to see what other learned Bloggers have to say about compensation.

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  • Another day in the life of the residents of Fantasy Island gradually waking up to the reality that everything in the garden isn’t as rosy as it appears courtesy of the managements (HMG) economic policy’s.

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  • Crash Bandicoot says:

    It looks like the folks who thought that house prices can only go up forgot that IR’s can go up too. At least they still have an escape route while house prices are still high. I’m looking forward to the first negative equity bleating in the news.

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  • Orwell

    Some time ago I told you of the HMG’s new job creation scheme……contesting possession applications, and you exhibited some interest, however, compensation is a step further. Are you aware of a tort of idiocy ?

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