Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Dave Willis on September 12, 2010, 10:34:45 pm
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A windowcleaner has stopped cleaning in my area and declared himself bankrupt - that's a new one on me ???
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he might of stopped working as the gear might of been on finance and taken back
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You can declare yourself bankrupt for personal debt as well as business debt. Maybe he ran up too much in his private life.
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This will probably be a tax bill, possibly back dated seven years (multiplied) after an enquiry.
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Any more guesses? ;D
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I wouldnt speculate, could be any reasons - being a window cleaner probably has nothing to do with it at all, could be a variety of reasons.
You can go bankrupt whatever industry your in.
Its just the climate.
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Its a last resort, times must of been hard.
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what ever the reason is the poor guy has and must still be suffering and going through it.
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Not necessarily, I know several taxi drivers who have gone down this route just to free themselves from debts. One got £22K in credit card debt written off and was bragging about it next day.
There are companies who advertise this as a service.
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He was trad and working from an estate. I understand he had a lot of debts but to stop working seems madness to me. I must have missed something. Maybe I'll try it one day.
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A windowcleaner has stopped cleaning in my area and declared himself bankrupt - that's a new one on me ???
Going bankrupt I understand. For some people it's the only way to get out of debt that has built up over time. As he was a window cleaner it's unlikely that it was a business bankruptcy as it's hard to build up serious business debts - especially if a sole trader. Indeed, if he didn't own his own house or his house was in negative equity, it's very unlikely it would be taken from him.
Stopping trading I don't get though. When going bankrupt your debts are wiped clean. Sometimes an order will be made to pay a certain amount each month for a while (sometimes a number of years) - especially if the receiver feels that you have manipulated financial data to suit your purpose. Therefore I could understand someone making it look like they have stopped trading (i.e. cooking their books) to reduce the liability of a bankruptcy order, but not to actually stop trading.
I think it's more likely that now his outgoings have been vastly reduced, he doesn't need to work so hard to keep up with the debt repayments so is working less.
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Nothing like a bit of speculation.
Perhaps he's had a sex change and 'he' is now 'she'.
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Or if it is less than £15000, you can apply for a debt relief order. Simply means, no one can chase you for your debts for one year. If your money stuation/ earnings have not changed much in the year. Then after a year, your debts are cleared.
Not quit has bad has bankrupty.
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if you are declared bankrupt then you can no longer be a director of a business, in so working for himself as self employed he is effectively a director and therefore is not allowed to maintain his position after bankruptcy.
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might have done it to go on dole .clean windows on the side .good luck to him .probly better off that way
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if you are declared bankrupt then you can no longer be a director of a business, in so working for himself as self employed he is effectively a director and therefore is not allowed to maintain his position after bankruptcy.
not true....if he is a sole trader he can of course keep working. He cannot be a director.
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if you are declared bankrupt then you can no longer be a director of a business, in so working for himself as self employed he is effectively a director and therefore is not allowed to maintain his position after bankruptcy.
No he's not a director. It has to be a limited company for him to have that status.
EDIT: Just noticed Rob Smith said similar too. Nothing like a bit of repetition ;D
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Nothing like a bit of speculation.
Perhaps he's had a sex change and 'he' is now 'she'.
That would explain the debts.