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Clivex
None of us know exactly what has occured according to Angus it was due to failing to pay some council tax for a property he was not living in. If that is the case how would he be picking up the mail every day?What about David Elsworth then?
He forgot to pay his taxes. (yes easily done.)
Peter Haine is also by his own admission forgetfull in his affairs with money.The only thing I think that is wrong is that unless someone has been convicted a some sexual crime no one should link them to being a pervert.
Complete rubbish Seagull
You do NOT get made bankrupt because mail has not been answered or you "forget" to pay something.
There is ample warning and the claimants will be obliged to ensure that the notices were definately served to the defendent
No one who gets made bankrupt will find it a sudden bolt out of the blue. I would guess that the whole procedure was probably on the boil for many months and AL was well aware of where he stood
If Loughran didn’t check his mail, Clive, and there had been no previous dealings with his solicitor, then it is entirely possible that he wasn’t aware of the bankruptcy notice filed against him. I admit it is unlikely, given that any debt would have built up over a number of months with demands, final demands and default notices issued, along with likely intervention by the County Court (which makes it far more likely that he knew he was in trouble to some degree and was merely in denile), but stranger things have happened.
With the wage we can only assume he was earning, and his status as a betting expert (not to be confused with a financial expert, unless of course he has worked as a stock trader or adviser of some kind), it would seem that he owed a substantial sum. If we take it that he was only 6 months behind on his council tax, or something close to that, then it would follow that he may have fallen victim to the problem that is addictied gambling.
But it’s all conjecture at this stage as we do not know any definite details. More may come to light in the near future, but until then it’s hard to say one way or another. Nevertheless, bankruptcy isn’t a nice thing to have to endure, though its effects aren’t necessarily too restrictive (that is if you can find help in reclaiming your assets).
The costs of serving a Statutory demand giving 21 days before bankruptcy procedures can be initiated, cannot be recovered from the defendent. The bankruptcy procedures themselves that follow are not exactly cheap either
You can guarantee that this action was taken as an absolute last resort and was almost certainly for a large sum. The threat of action would have been hammered into him well before it commenced.
A wrong thread.
Angus was not very good at what he did imo. His appearance means nothing to it though. People’s assumptions as to why he is listed as bankrupt don’t mean much more either. I would prefer facts, but if he is to be out of his job I would rather it be because he was so poor at it than some spurious reason.
Either way, he’s still a human being and deserves some sympathy for his situation.
A most odd response on here.
Clivex
None of us actually know any details of exactly what went on and the person who has been made bankrupt may well not know exactly what course of action was taken.It is possible (and I am not suggesting this is what happened) but if someone owned a property but was living elsewhere and had not informed the local council in the area where the property was any mail, visits by court officials (baliffs) would be unaswered and the only course of action would to go the bankruptcy route.
This is what A L is hinting that occured of course it may be a bank or even his mother that took out the petition we just do not know.The lowest sum that someone can use to make someone bankrupt is £750.00 so council tax arrears could exceed that sum quite easily.
The DTI charge around £5k for handling a business bankruptcy and they only really get the fees paid if the receivers find property or cars etc to sell off.
If someone has literally not a pot to p***s in they receive nothing nor will anyone else.Trainer David Elsworth blamed ‘forgetting to pay his tax’ as his reason he was declared bankrupt.
The same reason that forced a cabinet minister to resign this year!
I have been made bankrupt through no fault of my own years ago.
I was sub contracting transport work from Hays PLC for over 16 years, and when the goverment changed the laws regarding who was actually self employed or not the best thing for Hays to ‘get round’ the new rules was to get one major contractor to undertake all my work and work of 220 other smaller contractors and as they were able to sub the work cheaper by using economics of size. I had no steady well paid regular work. I had 6 trucks standing idle and in the end was made bankrupt.
I know this is nothing to do with horse racing but neither has the fact that A.L. was living at home with his mother, so could be liable to have his P.C. taken as being classed as some sort of pervert.
A.L. seems young and well and I hope he survives.
I have to say i never liked the bloke on TV, or when i seen him at a Newcastle meeting last year. Very ignorant and cock sure of himself to say the least!
However i feel desperately sorry for him. I have to say i have no idea what being ‘bankrupt’ means, other than having no money / being skint…? If this is the case then I’m sure his life is in pieces at the moment and probably down to his own fault in the long run due to money management etc. Bet he wished he’d looked after his money more / made different decisions with it etc. Doesn’t matter whether he was a compulsive gambler or whether he just overspent on luxuries etc it’s still not nice position to be in. Feel very sorry for him and hope he gets himself sorted now.What actually happens after you are declared bankrupt? Do you just go on benefits etc like someone on the ‘dole’. Must be difficult to get back on track
Totally agree with comment about Cashley Cole bedding inferior looking wench when he has Cheryl gagging for it at home.
I actually watched a bit of the Girls Aloud concert last night on Sky…
I would def have had the rage if I had not been so knackered.
Zip
Seagull
The idea that he has become bankrupt because of a few months council tax is completely laughable.
and if he couldnt cobble togther a few hundred quid or come to some sort of arrangement with the court (which can be very lenient) in the weeks before the hearing, then he must be in deep deep trouble. Simple as that.
Any creditor will only use bankruptcy proceedings (which cost) when there is absolutely no alternative.
Some debtors will invite proceedings as a way of clearing debts (although they would have to be devoid of any material assets for that to work) but given his position, that would be no use at all to him
Bankruptcy notices can be issued, and judgements passed, when the defendant isn’t even in the country, Clive, so your continued assertion that Loughran was fully aware of any and all impending action simply doesn’t hold true. Yes, in 99.9% of cases the person or persons named on the notice will know exactly what they’re facing, and will have known for some time, but until that figure reaches 100% there will always be an exception to the rule.
Standard practice says that demands, final demands and default notices will have been sent, as well as documentation from any debt collection company employed and possibly the County Court. For most this would serve as adequate notice, but if the literature in question was sent to an address he did not reside at, and there was no known contact information for his solictor, then there is a chance he didn’t know what was actually happening. In all likelihood he would have been traced to his permanent home at some stage, but nobody knows that he was and it can’t be suggested otherwise.
As I said before nobody can say for certain what happened, what Loughran knew and over what period the outstanding monies have built up. We don’t even know, for sure, how much is owed and how many creditors there are. As such nobody can speak with any authority on the matter, other than to say that it’s a horrible thing to be facing (even though the judgement will be lifted after 12 months).
Equally, I do think forums are places for free speech, and if you are in the public eye and a bit of "scandal" appears about you, then you are fair game in my opinion. That’s the price of fame. And if you can’t take the heat……….
An interesting opinion, Kwai Chang Caine – though somewhat inconsistent with your Lounge position as regards the Archbishop Fudheid debate, wouldn’t you say??
A pretty awful thread, imo, mainly because there is a distinct lack of facts but plenty of personal jibes. Not a good foundation for anything constructive.
Seagull’s piece was informative, I thought. Things have changed a lot over the decades and I’m not up to speed on the present day set up in UK.
I thought that bankruptcy made restrictions that lasted for seven years, not just one.
Also, I’d wonder about the houses in question; presumably, he still lives somewhere and he still has at least one well-paid job.
All very strange, imo.And as so many here have been prepared to guess, I’ll do the same and suggest that the man was never poor in his life and he isn’t going to be now!
What he says and does means nothing at all to me and my punting; I’ve always totally disregarded him. However, for some reason, I’ve always thought that the poor ( not financially) fella was physically handicapped, and, in my day , we didn’t mock the afflicted, so I always feel sorry for him when I see him. He’s no harm.Anyway, he’ll be alright, I’m sure, and I wish I was just a pound behind him!
Kwai, because of anonymity and the ability to respawn better than any Unreal Tournament, any turgid non-entity with a fifty quid PC, a CSE in English and a dial up connection can take a pop at just about anything and anyone that bothers them. That’s not free speech. It’s unfettered narcissism.
Free speech is the prerogative of the brave, not the cowardly. Like, for example, a now forgotten Burmese monk calling for the downfall of a fascist regime knowing full well they’ll have a glowing cigarette in their genitals by nightfall.
Free speech? Chat rooms. Don’t make me howl with laughter.
I have to say i never liked the bloke on TV, or when i seen him at a Newcastle meeting last year.
Presumably he would have been up there in his capacity of one of the members of the Kelso Lowflyers Club, which instantly throws up one question – are there contingency plans in place to make sure his percentage of the training fees of his horse(s) are covered, through his fellow syndicate members or other means?
gc
Jeremy Grayson. Son of immigrant. Adoptive father of two. Metadata librarian. Freelance point-to-point / horse racing writer, analyst and commentator wonk. Loves music, buses, cats, the BBC Micro, ale. Advocate of CBT, PACE and therapeutic parenting. Aspergers.
I didn’t say that the speech freedom of chat rooms is a bad thing. I actually pointed to the media as being the culrpits, as they inform the majority of views posted on sites such as these.
Just to clarify what you are saying – "freedom of speech" is OK in chat rooms, but not in the media – unless, of course the latter happens to coincide with your own particular viewpoint.
Methinks you cannot have it both ways.
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