In another thread on here Brendan Burgess urges a poster to go bankrupt as soon as possible "before business picks up and the PIP starts investigating a PIA."
This is a crazy state of affairs!
In its current guise a PIA can fail through no fault on the part of the debtor.
(e.g in the event of personal misfortune - job loss, ill-health etc.)
Bankruptcy does not carry this risk!!!
How crazy and immoral is it that a person can be forced into the PIA process when it is so fraught...
Isn't bankruptcy better than a PIA?
This is a crazy state of affairs!
In its current guise a PIA can fail through no fault on the part of the debtor.
(e.g in the event of personal misfortune - job loss, ill-health etc.)
Bankruptcy does not carry this risk!!!
How crazy and immoral is it that a person can be forced into the PIA process when it is so fraught...
Isn't bankruptcy better than a PIA?