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Giving entrepeneurs a second chance

  • 03-10-2013 11:29pm
    #1
    Means Of Escape
    Registered Users, Registered Users 2 Posts: 1,897 ✭✭✭


    Watched Taking Care of Business on RTE recently featuring this chap who was a car dealer and went into debt to the tune of 17million owed to the banks.
    He felt that he deserved a second chance at the business.
    This notion is a real head scratcher in that one would expect that a guy who mis manages his business shouldn't be given the chance to go at it again as its more than likely to fail given the recession and cautious consumers?
    Surely the banks are better off cashing out what's left of the business and putting it into another profitable companies who are looking for extra funds, in order to recoup some of their money in the future?!

    Should bankrupt mean that you can no longer be in charge of a business in the future full stop?


Comments

  • #2
    DebDynamite
    Registered Users, Registered Users 2 Posts: 2,683 ✭✭✭DebDynamite


    Means Of Escape wrote: »
    Watched Taking Care of Business on RTE recently featuring this chap who was a car dealer and went into debt to the tune of 17million owed to the banks.
    He felt that he deserved a second chance at the business.
    This notion is a real head scratcher in that one would expect that a guy who mis manages his business shouldn't be given the chance to go at it again as its more than likely to fail given the recession and cautious consumers?
    Surely the banks are better off cashing out what's left of the business and putting it into another profitable companies who are looking for extra funds, in order to recoup some of their money in the future?!

    Should bankrupt mean that you can no longer be in charge of a business in the future full stop?

    Let me guess, George Mordaunt? That man loves getting himself on TV and beating his debt forgiveness drum.

    He sounds like a pig tbh:
    http://www.irishexaminer.com/ireland/car-dealer-to-pay-72k-over-unfair-dismissal-214246.html


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