Tony Mitchell
Tony's recent articles
- Re-Use of Company Name
5th December - And then it Snowed
29th October - Coventry is Still Optimistic
1st October
Money Isn't Everything
3rd September 2008 15:24
The tragic events that are unfolding in Shropshire highlight how important money, or more importantly the lack of it, is to some people. Whatever the final outcome of the police investigations into the deaths of Christopher Foster and his wife and daughter, no amount of debt can be worth three lives.
I see the consequences of fundamental changes in individuals’ financial standing every day and even after all these years, I am still amazed how, in general, people cope with the significant changes occurring in their lives as a result of financial problems.
A couple of weeks ago I met with a husband and wife who had lost their company and as a result of the personal guarantees that they had given, had to move out of their home into rented accommodation and file for their own bankruptcy. The positive approach they took to their changed circumstances was refreshing to see and I wish them well for the future.
As the economic downturn continues, I will be seeing more and more individuals facing both corporate and/or personal insolvency and not all of these individuals will be as philosophical or positive as the couple above.
As an Insolvency Practitioner I have a job to do, however, the events in Shropshire reinforces my belief that the job has to be done with an understanding of the ramifications the decisions I take will have on the lives of others.
