11 ms·
Why has this guy a better suit than me? :D Can't he just declare private insolvency? I don't know the French laws there, but in Germany it's 6 years where you
by sek 14y ago
Why has this guy a better suit than me? :D
Can't he just declare private insolvency? I don't know the French laws there, but in Germany it's 6 years where you have to give your debtors everything you earn over your minimum living standard (called "Wohlverhaltensphase"). After that you are back to zero.
Edit: I think there is an exception for a conviction fine... probably that's the case here.
Edit2: No not really, because it's not a fine from the court but the money he owes the bank.
- mrich 14y agoI wondered that too. I believe many of these traders who circumvent the rules are thinking of a freeroll: If they can pull it off, they are set for life. Otherwise they just have to find another 9~to-5, at worst in another industry.
- ExpiredLink 14y ago> Can't he just declare private insolvency? He could propose to pay back 199 Euro per month.
- antninja 14y agoPersonal bankrupty is allowed in France but only in the two previously German regions (Alsace and Lorraine). He would have to settle there first.