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David Barber owes £35,000 and repays about £56 a month on a debt management pl

  • 03-10-2017 7:59pm
    #1
    Director Of Finance
    Registered Users, Registered Users 2 Posts: 16 ✭


    Some guy in the UK owes 35,000 and because he's unemployed, his creditors agreed to a debt management plan of 56 pound a month. Why would creditors agree to this since chances are, he will die in debt?
    http://www.bbc.co.uk/news/business-27732054


Comments

  • #2
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


  • #3
    tedpan
    Registered Users, Registered Users 2 Posts: 4,627 ✭✭✭tedpan


    It's only 35k and he's in the news.. What about the people that owe millions?


  • #4
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,733 ✭✭✭✭Atlantic Dawn
    M


    He will be debt free when he's 120.


  • #5
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


  • #6
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,549 Mod ✭✭✭✭johnnyskeleton


    Presumably if his income increases they will apply to vary it upwards


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  • #7
    loyatemu
    Registered Users, Registered Users 2 Posts: 15,329 ✭✭✭✭loyatemu


    "He is hopeful that a new network marketing business he has set up will thrive"

    he's an optimist, I'll give him that.


  • #8
    Pat Mustard
    Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    Mod:

    "Director of Finance", your latest post has been deleted on the basis that it was trolling. Please familiarise yourself with boards.ie rules etc and watch how you post in this forum. Please do not respond to this post.


  • #9
    minikin
    Registered Users, Registered Users 2 Posts: 2,982 ✭✭✭minikin


    Perhaps it means they can secure a partial lien on his assets, once he pops his clogs they get their money?


  • #10
    L1011
    Registered Users, Registered Users 2 Posts: 71,142 ✭✭✭✭L1011


    Fred Swanson wrote: »
    This post has been deleted.

    It's possible he has or wants to get membership of a professional body that disallows bankrupts - some still exist


  • #11
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


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