Finally bankrupt

Štulic · 09-03-2009, 06:59 AM

Hey peepz I hope you're all well and high, long time no see, feels good posting again on the good old Yahooka boards, home sweet home...

Some might even remember when I was posting about my gambling habits ages ago, it involved big time sports and horse racing betting, pokies as well as online poker/casino gambling...
Over the course of 5 years I managed to get myself into a debt of over 100 grand ($84K USD), plus all the money I earned as a well paid subcontractor for various construction companies, earning as much as $80k a year (pre-tax)

That pre-tax is funny though because I haven't paid one cent income tax since I started subcontracting. The taxation office couldn't get hold on me cause I changed my addresses and mobile phone numbers every other month or so.
You just gotta love Australia...

For those who think what a fucking bastard doesnt want to pay taxes but enjoys living in that country, 70 cents from every dollar spent on gambling or smokes goes back to the government, instead of paying 25-30% tax on my earnings I actually put three times the amount back into the economy by wasting my wage on my habit. The rest was spent on drugs which included a lot of alcohol, and some hookers. And cabs, and drugs, and friends, and drugs...

So long story long, from today on I'm officially declared bankrupt. I don't have to pay one cent back to the banks and credit institutions who shoved their credit cards and unsecured personal loans up my arse anymore.
I'm released from the chain of debt, I can earn and keep up to $42K (past tax) a year, and for every other dollar I earn more I'll have to pay 50c into the bankruptcy trustee account, therefore cash on hand FTW!

I love this country but I'm not here to abuse the law. The Bankruptcy Act has been designed for the wealthy and the powerful, I'm just an example of how a poor and meaningless former war refugee lost in a new world can get help from the society and receive a second chance to start all over again...

I'll take the chance and kick the gambling, I feel freed like I just got released from jail... fucking awesome!

OldMan&TheWeed · 09-03-2009, 07:05 AM

The debtor is slave to the lender.
Proverbs 22:7

I'm glad that you have freed yourself.

stonersXareKOOl · 09-03-2009, 07:09 AM

yipeeeeeeeeeee hurrayyy live live to the fullest

**SageTree** · 09-03-2009, 07:44 AM

Still sounds like you're scamming the gov't.

I'm glad though because it sounds like it's made you happy. Hope that all goes well for you and nothing comes back and bites your ass.

**Canuck Wisdom** · 09-03-2009, 07:56 AM

Don't fuck it up.

Štulic · 09-03-2009, 08:05 AM

Originally Posted by SageTree

Still sounds like you're scamming the gov't.

I'm glad though because it sounds like it's made you happy. Hope that all goes well for you and nothing comes back and bites your ass.

Well scamming the government is something the rich and powerful do every day in order to get richer and more influential, for me the government is a giant aparatus that functions like a computer, driven by laws that act like software.
I see myself not as a virus or a malware, I was just a malfunctioning plugin that got repaired by an antivirus software.

**SageTree** · 09-03-2009, 08:11 AM

What's that eye for an eye saying ?

You are your own judge, as long as you know what happens if you get caught and can accept that, then I'd say you've fully embraced the choice.

Good luck stickin' it man.

Hope you find infinate happiness with your new 'freedom'

K10 · 09-03-2009, 08:53 AM

Originally Posted by SageTree

Still sounds like you're scamming the gov't.

I'm glad though because it sounds like it's made you happy. Hope that all goes well for you and nothing comes back and bites your ass.

who doesn't feel happy when they scam the government?

**SageTree** · 09-03-2009, 08:59 AM

Every action has a reaction...

Geeno · 09-03-2009, 09:09 AM

Originally Posted by OldMan&TheWeed

The debtor is slave to the lender.
Proverbs 22:7

I'm glad that you have freed yourself.

Proverbs is the best book ever

Word up stulic, good luck with kicking one of those fast gratification habbits.

Štulic · 09-03-2009, 09:20 AM

Thx Geeno, nice to see you with your original handle again, what was that u had in the meantime, mr. something or so? I can't remember but got it on the tip of my tongue lol
And that avatar was overused by that gay-ass vanilla dude...

SmokeSomeDoja · 09-03-2009, 09:50 AM

good to see you back and hear youre well, dude.

flappy · 09-03-2009, 12:44 PM

I'll take the chance and kick the gambling, I feel freed like I just got released from jail... fucking awesome![/QUOTE]

I give it six months.

turmaline · 09-03-2009, 12:47 PM

Make good use out of your second chance.

Hope you feel good about it, but not too good.

Welcome back too.

too jaded · 09-19-2009, 02:56 AM

spmetimes we are given SECOND chances ..... we are only given as much as we can take ...... however , if one goes and fucks up that given chance , when you KNOW

Bad dog · 09-19-2009, 03:47 AM

I was bankrupt a few years ago.

You are forgetting to mention some of the bad points of bankrupcy.

1, they take away your passport and you need special permission from the court to travel abroad.

2, NO credit cards and No loans allowed what so ever

3,monthly income / expenses reports to the 'reciever'.

4, you can't actually get out of the bankrupcy unless you pay around half of the debt back.

That was over here, so how is over there?

Mikey · 09-19-2009, 09:11 AM

it's really easy to fall down that destructive path again
especially once u do really good for a while and you feel like you deserve a little reward and then one thing leads to another boom.

The Rev · 09-19-2009, 09:55 AM

Originally Posted by SageTree

Still sounds like you're scamming the gov't.

I'm glad though because it sounds like it's made you happy. Hope that all goes well for you and nothing comes back and bites your ass.

I used to think that BK was cheating the creditors, but you have to bear in mind that these people are looking for every angle to get you into debt to them and keep you there. It's no coincidence that most of us pay our credit card bills every month, yet the balances never seem to change. It's no coincidence that home loans are set up so that you don't even touch the principle of the loan for years. And the reality of the fact is, the money they've lent you is the same money they lent to 10 other people, thanks to fractional reserve banking laws, and doesn't really represent the property of anyone.

Lending is the most lucrative business on the planet. Think about it. Why is it that all the people who do the work, create all the goods and services, are all in hock to the bank, which does nothing but take deposits and make loans? The whole system is set up to fuck people over, risk free, with money that they create thru rules that apply to no other business.

If you fuck them back, it's no sin. Refuse to pay back a buddy, that's something else. However, the banks are fair game.

/rant

The Rev

**Canuck Wisdom** · 09-19-2009, 10:09 AM

Excellent quality post Rev.

I will recommend that everyone in this thread reads it again.

tedkennedy · 09-19-2009, 04:35 PM

im glad you got your shit solved stulic but i also hope you dont gamble anymore

bankruptcy protection is nice but when everyone declares bankruptcy and stops paying what they owe then the financial system collapses and everyone gets fuked over.