DebtBytes UK - Bankruptcy, Insolvency, Simple IVA and Bank Charges News UK http://myvesta.org.uk/blog/export.xml UK IVA and bankruptcy focused insolvency advice column for people that are dealing with problem debt, money troubles or falling behind on the bills. This advice column will provide you with information you can use. For more information visit Myvesta.org.uk. en-us http://backend.userland.com/rss Your Friends @ Myvesta.org.uk (stever@myvesta.org) myvestaukblog_archive.html Company Loses All Employees in Jellyfish Attack Off Northern Ireland steve.rhode@myvestafoundation.org 3416883967834867750 A rare and savage attack of Mauve Stinger jellyfish at the massive sea holding pens has all but ended the business of the only salmon farm in Northern Ireland.

This unfortunate story serves as a good example of how people often find themselves in unexpected situations and income is lost or suffers greatly. More than 100,000 salmon were killed by the deadly jellyfish which are normally found in much warmer waters. Until the past decade, the mauve stinger has rarely been spotted so far north in British or Irish waters, and scientists cite this as evidence of global warming.

The attack on the salmon lasted for nearly seven hours with the jellyfish covering a sea area of up to 10 square miles and 35 feet deep. Workers from the salmon farm tried unsuccessfully to reach the sea pens to save the organic salmon and their jobs but the jellyfish were so dense that they could not reach the cages in time.

The financial loss is estimated at £1,000,000 ($2,100,000) and that it will take at least two years to recover. In the meantime the future of the business is uncertain. This is certainly bad news for the new company managing director who started just three days earlier.

Again we are served another classic example of why life is fluid but creditors and banks pin consumers to fixed mandatory absolute repayments which sink debtors in times of trouble. Flexibility and understanding are needed to help people like the dozen guys that are probably now out of a job.
]]> 11/22/2007 01:15:00 PM Steve Rhode Steve Rhode http://myvestafoundation.org export.xml#3416883967834867750 20071122 20071122