most of the other people who went bankrupt bragged about how they maxed up their credit on their cards and bought things like Televisions and holidays.But I still had thousands of pounds worth of credit left on my cards but didn't use it up as i have fellings and would have felt wrong.Who was right the people who used up all the credit knowing they wouldn't pay it back or me who couldn't do that??
2006-07-21 23:57:56 · 16 answers · asked by pig m 3 in Business & Finance ➔ Credit
You would not have asked yourself that question if you had not come into contact with those bragging about their irresponsible behaviour and lack of respect for themselves. Like others have said here, you know you did the right thing and bankruptcy and the proceedings that you have to go through are not pleasant. You have taken ownership of your attitude and feelings. You are a good person. Stay that way.
2006-07-22 00:05:03 · answer #1 · answered by stingmyflesh 4 · 2⤊ 0⤋
Doing what you should do, and doing what you want to do, are almost never the same thing.
Often the thing that takes the most time when people have a choice to make, is simply convincing themselves that it's OK to not do what is right. Which is exactly why doing what is easiest, isn't called doing what's right, unfortunately it can't be both.
You shouldn't concern yourself with what you could have done, if for no other reason then simply because there's nothing that can be done to change the past, you should be proud of yourself for not fallowing herd. Granted there's nothing really saying you can't completely bury yourself in debt prior to filing for bankruptcy, but there's probably not a sign on the bathroom door at your mothers that tells guests to not masturbate, but just because it doesn't say you can't doesn't mean you should.
You did the right thing.
2006-07-22 00:12:32 · answer #2 · answered by B_O_C_K_S_C_A_R 2 · 0⤊ 0⤋
You will be free of this in 6 months if you can prove you didn't profit - But the other guys are watching Bank's TV will have to wait a year.
At 17% interest rates (legal theft) the credit cards deserve all they get - Doesn't make it right or so they tell us?
2006-07-22 00:06:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In the US those people wouldn't get away with that kind of fraud. That type of activity, running up cards right before you file, is exactly what Trustees look for and will latch onto -- it's FRAUD. In the US, the creditors would be objecting left and right to the discharge of those run-up debts and the people who did it would likely be forced to pay it back.
Don't know about foreign BK law, but it's still fraud. You did the right thing.
2006-07-22 02:51:27 · answer #4 · answered by SciFiDiva 2 · 0⤊ 0⤋
Racking up credit when you know you've no chance of paying it back is a criminal offence. They'll probably get away with it, but bragging about it is not a good idea. At least you know that if you were ever investigated for fraudulent bankruptcy, you can prove you were genuine.
2006-07-22 00:12:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
put it this way their debts are far more than yours. I'm not to knowledgeable on Bankruptcy but don't you still have to pay debts back .
You showed you were sensible but unfortunate events just happened to you but you didn't go deeper than necessary
2006-07-22 00:02:18 · answer #6 · answered by Nutty Girl 7 · 0⤊ 0⤋
Does it matter you all have mismanaged your finances and all of you are bankrupt, Trying to have a clear consciences is not going to help you clear your name.
2006-07-23 01:46:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You are an honest person, theres not a lot of them out there.
2006-07-22 00:47:25 · answer #8 · answered by Sharon 2 3 · 0⤊ 0⤋
the people that spent on the cards
2006-07-22 00:00:13 · answer #9 · answered by deli_fred@yahoo.co.uk 2 · 0⤊ 0⤋
You - it is arguable that the others committed an offence of theft or fraud.
2006-07-21 23:59:38 · answer #10 · answered by izzieere 5 · 0⤊ 0⤋