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What kind of houses do rich people who go bankrupt live in?

  • 16-04-2014 8:59pm
    #1
    amdublin
    Registered Users, Registered Users 2 Posts: 20,653 ✭✭✭✭


    Take Shane Filan who went over to the UK for a year.

    Big massive house in Sligo I assume?

    Where did him and his family live for a year in england??

    Regular old three bed semi??
    Two up and two down??


    And what kind of house now I wonder?





    Ps. Not him specifically, anyone know stuff about rich people who go bankrupt in general?


Comments

  • #2
    MS.ing
    Closed Accounts Posts: 680 ✭✭✭MS.ing


    their 'friends*' ones










    * more relatives, wife husband son daughter nephew etc.


  • #3
    wazky
    Closed Accounts Posts: 3,516 ✭✭✭wazky


    An empty one.


  • #4
    vcshqkf9rpzgoe
    Closed Accounts Posts: 110 ✭✭vcshqkf9rpzgoe


    One with a roof


  • #5
    Frank Lee Midere
    Closed Accounts Posts: 3,780 ✭✭✭Frank Lee Midere


    You can keep the family home. So a biggie.


  • #6
    amdublin
    Registered Users, Registered Users 2 Posts: 20,653 ✭✭✭✭amdublin


    Frank Lee Midere wrote: »
    You can keep the family home. So a biggie.

    Assume you can only keep it if you can pay the mortgage on it though??


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  • #7
    [Deleted User]
    Posts: 26,052 ✭✭✭✭ [Deleted User]


    It's none of anyone's business.


  • #8
    darkpagandeath
    Closed Accounts Posts: 24,465 ✭✭✭✭darkpagandeath


    Candie wrote: »
    It's none of anyone's business.

    Isn't bankruptcy declared publicly due to being in the courts ?


  • #9
    WoollyRedHat
    Registered Users, Registered Users 2 Posts: 10,462 ✭✭✭✭WoollyRedHat


    Houses with fine menageries with exotic creatures from the world over, jungle conservatories with the most lavish and juiciest fruits, ceilings that are inspired by great renaissance artists, a room where artificial rain pours down.


  • #10
    Stavros Murphy
    Closed Accounts Posts: 2,440 ✭✭✭Stavros Murphy


    Frank Lee Midere wrote: »
    You can keep the family home. So a biggie.

    I'm friends with a lad who went wallop pretty spectacularly and was slapped across the papers and TV for a good while - utterly bankrupt, bust, wiped out, broke, slammed....actually, make that two lads who fit the same criteria. They both still live in the same houses, both whoppers of mansions and drive the same vehicle - Range Rovers. Run that when you're bust, and you ain't that broke.. I am now of the opinion only fools and horses worry about going bust.


  • #11
    Stavros Murphy
    Closed Accounts Posts: 2,440 ✭✭✭Stavros Murphy


    amdublin wrote: »
    Assume you can only keep it if you can pay the mortgage on it though??

    lol.


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  • #12
    [Deleted User]
    Posts: 26,052 ✭✭✭✭ [Deleted User]


    darkpagandeath wrote: »
    Isn't bankruptcy declared publicly due to being in the courts ?

    What people do afterwards with their lives is their own business.


  • #13
    amdublin
    Registered Users, Registered Users 2 Posts: 20,653 ✭✭✭✭amdublin


    Hmm so it seems that Shane Filan as an example moved from a big house in Sligo to a big house in Surrey while he worked through his financial difficulties

    How does that work :confused:

    http://www.independent.ie/woman/celeb-news/shane-filans-mansion-goes-on-the-market-29095930.html


  • #14
    KKkitty
    Registered Users, Registered Users 2 Posts: 7,537 ✭✭✭KKkitty


    Big massive, freezing ones. Shane Filan should get all the newspaper cuttings his mam has of him and burn them to keep warm.


  • #15
    darkpagandeath
    Closed Accounts Posts: 24,465 ✭✭✭✭darkpagandeath


    Candie wrote: »
    What people do afterwards with their lives is their own business.

    Afterwards yes but not while they are currently bankrupt they are accountable for monies and what to pay back if they can.


  • #16
    riclad
    Registered Users, Registered Users 2 Posts: 8,184 ✭✭✭riclad


    IF you go bankrupt,
    you cant pay the bills,
    your debt is too much to pay from your income,
    THE taxpayer owns 90 per cent of the banks,
    therefore its the taxpayer who loses out,
    plus ordinary people who provided services ,
    to the people who went bankrupt.

    eg maybe ,tradesmen, electricians, mechanics .
    so saying its no ones business is wrong.
    YOU have to go to court ,its on public record.
    And you,ll probably find it hard to get a large loan ,mortgage
    off any bank,
    at least for 4 years after your bankruptcy.

    IF I WAS a popstar with a million euros,
    i,d invest it in stocks,bonds, long term high interest deposits,
    various different sectors,

    not just in the property market in 1 country .


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