The Bankruptcy of Piggy Bankrupt

Piggy After Bankruptcy

Until nine months ago it seemed that as each year went by I was another year older. Now I know. As each year goes by I may add a number to my age but the reality is the age I feel depends not on time.


As I write today my bankruptcy ended just one month ago and right now I feel like a massive weight has been lifted from my shoulders.

Whilst experiencing the stress of the business failure, the bankruptcy, a new job, the relationship breakdown and the death of my grandmother I felt tired. Now I'm feeling young again and I’m ready for action!

I've learnt so much about myself since starting the business three years ago. I have absorbed everything, have dealt with it and fully intend to move forward from it!

With a stable job, no debt (student loan excluded) and no partner I feel the world is my oyster. I have some furniture to replace in the house, which will prove difficult without much disposable income. That’s down to me though! Perhaps now I’m feeling myself it is time to take advantage of some work and business propositions put forward to me recently. This will increase my income allowing me to live more comfortably and get a mortgage.

Moving forward financially is a much more pleasant experience. No longer am I considering a burden of debt. Now I am positioning myself for a mortgage and having some kind of contingency in the bank for emergencies.

I have set myself target savings for the next five years, which I will be posting to my blog shortly. I am determined to show one thing to everyone after all this anguish. That is bankruptcy, or indeed any serious debt solution, does not need to inhibit your life ambitions and that it is possible to get back on your own two feet. Watch this space!

As far as relationships go it's really difficult to comment. I must say that the outcome of my relationship with Miss Piggy has impressed upon me the importance of a strong basis. In a couple of sentences it's difficult to summarise what I've learnt but if I had to try it would be:

"A complete understanding, acceptance, appreciation and trust of each other is essential as a basis for any foreseeable future. While there may be as much common ground as Wimbledon Common, without those four qualities it's highly likely that the relationship will be damaged during times of difficulty. Above all a relationship will, at some point, involve two people both wanting and sometimes a balance just has to be struck."

I now look forward to what lies ahead.

Piggy's Thoughts

You may also like to view my bankruptcy website.

If you have any questions regarding my experience then please feel free to E-Mail me.

9 Comments:

  • Hey,
    Just came accross your website which I think was really good. I went bankrupt last year and was cleared earlier this year. I think going bankrupt was the best thing I ever did. I got in with the wrong crowd and allowed myself to be used. I am only 23 at the time.
    I have just turned 25 and and been in my full time job for 6 months now.

    Regards

    Gemma

    By Anonymous Anonymous, at 12:55 PM  

  • hey piggy,
    well .... i've read your account and I have decided that I must go through the same route.My ex husband declaired himself bancrupt last year and all of our business borrowings that were put onto various lending houses have been passed to me .. second signatory!deep joy.. a word of advise to all .. read the small print.. then get a solicitor to read it again !
    and never ever give personnal guarentees on business borrowings...
    thankyou piggy.very informative.
    D

    By Anonymous Anonymous, at 9:41 AM  

  • Thank you so much for your site - really helpful. I have just sent you an email for further advice. I am a single mother - now just trying not to get back into debt.

    Joanna

    By Blogger joannacolvin, at 9:59 PM  

  • so very many thanks for setting up your web site. Most excellent - i have sent you an email requesting - more help!!!

    Huge regards

    Joanna

    By Blogger joannacolvin, at 10:01 PM  

  • Dear Piggy,
    I am glad that spring is here for you finally. For me, winter is kicking in and I cant seem to decide.your blog has been most insightful, yet I still don't know whether thinking about declaring myself bankrupt is the right solution..

    By Blogger savyna, at 2:30 PM  

  • Hey, great site and well done.

    I'm was looking for exactly this, an honest and personal appraisal of bankruptcy. I found it here. I'm gonna file soon, it's the clean break I need to kick start my life again.

    Thanks for sharing your story with us all. I too am going to do a BLOG of my journey.

    Many thanks
    A.

    By Anonymous Anonymous, at 6:19 PM  

  • Hi,
    How long after going to court to declare yourself bankrupt did the local press place a public notice in the paper?

    By Anonymous Anonymous, at 2:40 PM  

  • Hey

    I have been discharged from bankruptcy for just over a year now, having been discharged 3 months early. I was in a relationship and he basically used me to gain finance for a nice house, car etc when the money disappeared so did he. I think people should just stop and think before they put a stigma on people who have become bankrupt as its not always all that persons fault. I trusted that person and they abused that trust. I became depressed, overweight and very withdrawn. Nothing like the socialite I used to be. Im doing ok now, still living at home with the parents at 26. But I feel lucky that at least I dont have the debt hanging over my head and that I can re-start over. Support of family and friends has been a big factor, so dont be ashamed to tell the people who care about you how your feling.

    By Anonymous Anonymous, at 4:57 PM  

  • Hi Piggy,

    I had to write to say a big thank you for your hard work in putting this set of web pages together. I first came across it early last year when my debts had skyrocketed and a huge drop in salary tipped me over the edge.
    I was in a mess trying to decide what course of action to take but reading of your experiences and weighing up my circumstances I chose to follow your route and declare myself bankrupt.
    I believe it was one of the best decisions I have ever taken.
    And it was in no small part down to the clear and accurate information with the personal touch of real experience that you gave this site that helped me in that choice.
    I was declared bankrupt in May 2007 and I received an early discharge on 13th Feb 2008 - 9 month in total - and a relatively painless experience.
    I have an Income Payments Agreement in place for the next three years as I am still in employment but at £65 per month it is affordable and much better that the £1200 p/m I had to find beforehand.
    To anyone else reading this blog with the worry of their own debt situation I can fully endorse the information written here and if it is right for you then bankruptcy does offer a way forward.
    Many thanks Piggy and good luck for the future.

    John

    By Anonymous John, at 6:14 PM  

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