September 2019
Intermediate to advanced
240 pages
4h 15m
English
Years ago, a friend of mine got into terrible financial problems. It was during a recession and he ended up owing a huge mortgage which was double the actual value of the house, and with credit cards bills, utility bills, and a business that had just gone under.
Every time I saw him he had more stories about bailiffs turning up, or threatening letters from the bank, or final demands on his doormat. And he couldn’t work out how to sort it all out. He’d paid off all his small creditors, so now just owed large sums to the bank, building society and big utility companies. I suggested to him (and I certainly wasn’t the only one) that he declare himself bankrupt. That way he’d write off all his debts and ...