Property investment gone wrong: the knock on the door
When I agreed to write about my property investments gone wrong situation, I couldn’t be sure that I would have enough material. Then the post arrives followed half an hour later by a knock on the door - both make me paranoid - and new material ‘et arrivee’.
If this is happening to you – you have my sympathy - It would be easy to buckle and declare myself bankrupt. However: I have a feeling that I can get through this (and so can you) without falling on my sword. I might be totally wrong in my assumptions here – but so far - nobody has pushed the big ‘B’ button, which makes me wonder why.
Go ahead - shoot me
I think the real answer is money. Basically it costs the creditor money to file for a debtors bankruptcy. Unless the creditor is quite sure that bringing this action will give them some, if not all there money back, they probably won’t bother as they will throw good money after bad.
I like to try to put a positive spin on most things, but bankruptcy isn’t one of them. If I could do that – my next job would be with Saatchi and Saatchi, or in the Cabinet. However – like most threats they are only effective if you have something to lose, and frankly – I don’t. Which I feel has put me on the high ground - yeh right!
So if one of my creditors does decide to push the ‘B’ button, they will lose as I really haven’t got anything left to give.
The letter
Just like the fat bloke in the first Harry Potter film, I’ve grown to love Sunday – why? No mail. I believe the Royal Mail is considering stopping weekend mail altogether – Hurrah! I nearly cried tears of joy. It’s another one of those – we’ve just given away your property for nothing letters – asking me to make up the difference. I tell you – The Sultan of Brunei couldn’t make up the difference. This is the start of another round of phone calls with half wits no doubt. ‘Phone calls with half wits’ - could this be a hit TV series?
The Knock at the Door
It’s a chap I’ve grown to know and like, who has to serve me with more papers to attend court and explain why I haven’t made a payment on some other property that was given away. A day out - hurrah!
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