Credit crunch stories - got any?

[chris79]

Was speaking to my Mum last night on the phone, she was telling me her good friends who we will call Bob & Audrey who I've met a few times were on the point of bankruptcy after their motor business (car sales) had completely crashed leaving them losing £2.5k a week (for how long I don't know).

At one point they were taking a good £4k a week profit and living a very nice lifestyle, now they've had to take £30k out their home to keep things afloat and now face losing everything (inc. their home).

[TCL]

Was talking to my neighbour the other day.

Me: "So what you up to this weekend?"

Him: "Oh you know, staying in. Can't really afford much else, credit crunch and all that"...(glances over my shoulder at the new Merc on the drive).."Got a new car?"

Me:"....erm...yeah"

Credit crunch? Whats one of them?

[sasguru]

Was talking to my neighbour the other day.

Me: "So what you up to this weekend?"

Him: "Oh you know, staying in. Can't really afford much else, credit crunch and all that"...(glances over my shoulder at the new Merc on the drive).."Got a new car?"

Me:"....erm...yeah"

Credit crunch? Whats one of them?

That'll come in handy when you're on the bench next year. After depreciation it should provide, I don't know, 6 months worth of food.

[swamp]

I received a call from an agent asking if I was available for a contract. I told them to call me in six months' time when I should be available.

Same thing happened yesterday.

Credit Crunch looking OK here (though I'm certainly not counting chickens... )

[Spacecadet]

Credit crunch? Whats one of them?

Would have been a Maybach if it hadn't been for the credit crunch

[AlfredJPruffock]

Got credit crunched back in March - 6 month gig ended after 4 months - another six contractors bit the dust - was an Investment bank in early warning mode so I had a good idea from insiders what was coming up for the economy in general.

Stil ...had a great summer off and got a great gig in the Autumn then extensions for next year - so, in a way -the credit crunch was pretty good for me.

Wont work in the banking sector again - not for moi - didnt like the mindset.

Engineering/Research - thats where to work.

[gingerjedi]

My mum and stepdad have 10 houses on BTL, they were thinking of declaring themselves bankrupt last week as two tenants owe them lots of money and the cash flow has dried up.

I persuaded them to hang in there and do whatever it takes as the rate cuts hadn't fully kicked in, he's gone out driving taxi's and mum is working in a nursing home (neither have worked for 5 years), I'll be buggered if I'm going to see their retirement plan/my inheritance go down the drain.

[Cheshire Cat]

I'll be buggered if I'm going to see their retirement plan/my inheritance go down the drain.

That's the spirit. Maybe you can arrange for them to sell a kidney too? I mean, they'd still have three between them.

[Moscow Mule]

k as two tenants owe them lots of money and the cash flow has dried up.

.

Did they not take out ropey tenant insurance?

[Bagpuss]

Speaking of depreciation, 06 M5 500bhp 10k miles > £61k new
sub 30k