Bankruptcy

[Son of Rex]

Looking at the Wylam Leisure thread got me thinking.

In these tough economic times is bankruptcy the black mark it used to be?

Seem to remember something about grant bovey owing 4m quid but then coming back smelling of roses?

So, is mr griffiths fucked or will he be back in no time?

[MissRobinson]

http://www.sunderlandecho.com:80/lif...tion_1_3593616

Don't think he'll be bankrupt reading this , probably all sorts of legal set ups to protect him

[Joe Public]

He won't be the first entrepreneur to go tits up and won't be the last, I suppose it's how he treats his creditors which would dictate whether he deserves a second chance or not. High risk can lead to high reward but also to falling flat on your face, without people ready to take those risks we'd live in a pretty sterile environment.

[Son of Rex]

Originally Posted by MissRobinson

http://www.sunderlandecho.com:80/lif...tion_1_3593616

Don't think he'll be bankrupt reading this , probably all sorts of legal set ups to protect him

Interesting.

Did you read the comments too?

The wy it degenerated into name calling ec has to be a few SMB'ers on there

[MissRobinson]

Originally Posted by Son of Rex

Interesting.

Did you read the comments too?

The wy it degenerated into name calling ec has to be a few SMB'ers on there

To be fair the bloke is a bit of a bellend so a lot of people will be enjoying his at least partial demise business wise

[Daddyo]

Originally Posted by MissRobinson

To be fair the bloke is a bit of a bellend so a lot of people will be enjoying his at least partial demise business wise

I like Chocolate,me.......just dinnit like his bouncers and his solicitor mates.

[Boris Bear]

Originally Posted by Son of Rex

Looking at the Wylam Leisure thread got me thinking.

In these tough economic times is bankruptcy the black mark it used to be?

Seem to remember something about grant bovey owing 4m quid but then coming back smelling of roses?

So, is mr griffiths fucked or will he be back in no time?

Chocolate still has a lot more money than you

[Son of Rex]

Originally Posted by Boris Bear

Chocolate still has a lot more money than you

Probably.

[TouchSAFC]

Originally Posted by MissRobinson

http://www.sunderlandecho.com:80/lif...tion_1_3593616

Don't think he'll be bankrupt reading this , probably all sorts of legal set ups to protect him

His companies have gone into administration but they can't touch his personal assets - limited liability. He will keep his millions.

[Kubicki's right boot]

It's no more than a business device these days. You can guarantee that even if the companies are 'skint' on paper the owner personally will be in clover.