Would you relocate to avoid a creditor?

Discussion in 'Financial Planning' started by remnant, Jul 20, 2016.

0/5, 0 votes

  1. remnant

    remnant Expert Member
      190/230

    Blog Posts:
    0
    There are some situations in which one finds self in a bankrupt mess probably as a result of a failed venture with creditors hot on their heels. The heavens seem to have closed and the only respite seems to be to relocate in order to shield oneself from creditors. The greatest temptation for this is especially so with regard to people who are tenants and would be difficult to locate if this occurs. Some go into hiding until their situation improves before they reconnect with creditors.
     
  2. lonewolf

    lonewolf Legendary Survivalist Staff Member
      510/575

    Blog Posts:
    0
    the only people this would apply to is people setting up a new business, although its probably easier to just declare oneself bankrupt in this sort of situation.
    I have known people(tenants) who have done a "midnight flit" rather than have to pay rent arrears.
     
  3. Tom Williams

    Tom Williams Moderator Staff Member
      330/345

    Blog Posts:
    0
    Computor age you can run but you cant hide best if you cant afford it or make payments dont buycerdit cards are set up to keep you paying avoid them
     
  4. lonewolf

    lonewolf Legendary Survivalist Staff Member
      510/575

    Blog Posts:
    0
    only buy what you can afford to pay for, its called living within your means, an unheard of concept these days!!
     
  5. Arkane

    Arkane Master Survivalist
      275/297

    Blog Posts:
    0
    My pride and honour would not permit it!
     
  6. amelia88

    amelia88 Well-Known Member
      75/99

    Blog Posts:
    0
    I have to say my generation is pretty bad at this - a lot of people are out for instant gratification when it comes to buying things and being materialistic I think...

    In saying that, I can happily say that I don't have debt and I feel great about that. I've always been conscious of finances...growing up in a family that didn't have much has made me aware of ways to save money, and to understand what is a need and what is only a want.

    I think that's where a lot of people go wrong. They think the things they want are things they need, when that isn't really the case!
     
Loading...
Similar Threads Forum Date
Avoiding Outdoor Dehydration Safety Sep 2, 2020
Some Prepper Mistakes To Avoid By Upgrading Thinking Other Advanced Survival Skills Sep 1, 2020
Avoid Subway; Take Taxi Or Walk News, Current Events, and Politics Jul 12, 2020
Avoid These Nyc Hotels ! News, Current Events, and Politics Jun 30, 2020
Avoid Wash. Ave And E. 167 St, Bronx, Nyc News, Current Events, and Politics Jun 18, 2020
Avoiding The Corona Virus After Places Open News, Current Events, and Politics Jun 14, 2020
Puffer Fish: Avoid ! Finding, Identifying, and Preparing Food Apr 24, 2020
Avoiding Drones In The City Urban Survival Apr 21, 2020
Avoid Distractions; Floods Pending News, Current Events, and Politics Mar 21, 2020
Avoid The Fantasy; Face The Reality News, Current Events, and Politics Feb 11, 2020

Share This Page