EE: Why was Pat so poor?

blue_cobalt · 26/01/12 - 20:48

It was only a year or so ago she owned the Archers and bookies?

lmcd08 · 26/01/12 - 20:49

there was me thinking you were talking about her acting

OhWhenTheSaints · 26/01/12 - 20:55

You don't get your assets taken away from when you get cancer.

blue_cobalt · 26/01/12 - 20:59

OhWhenTheSaints wrote: »

You don't get your assets taken away from when you get cancer.

Peggy had one of her assets taken away when she had cancer.

OhWhenTheSaints · 26/01/12 - 21:01

blue_cobalt wrote: »

Peggy had one of her assets taken away when she had cancer.

Are you Frankie Boyle?

[Deleted User] · 26/01/12 - 21:10

Sharon owns the bookies... I imagine she just had to give phil back the archers with no financial compensation because that's how the mitchells get everything back.

[Deleted User] · 26/01/12 - 21:11

She sold the Arches to Phil a while ago. Maybe she sold the bookies when she was trying to help Simon? Just a thought

[Deleted User] · 26/01/12 - 21:15

She sold the arches back to phil and she never owned the bookies,she just ran it for dennis and sharon

Bertypop · 26/01/12 - 21:21

Pat never owned the bookies, and she certainly hasn't worked there in a long while.

She did sell the Arches to Phil, but she also bought it in the first place, so it may she had taken out some sort of loan in order to buy it in the first place.

(Or had she just had a windfall, I don't remember)

Any money she would have got from the sale of the Arches would have repaid that loan, and wll probably have made little profit on it.

Anyway, she then was supporting four kids (with the help of Carol) for the best part of the year, on just a pension. Any money she did have was probably eaten into by this. I imagine for a long time, her outgoings were more than her incomings.

As for the house, she inherited it from Andy, before this, she was pretty poor. It's safe to say, she had little money.

She then took out another loan against the house late last year in order to pay Simon's loan issues, which left her in quite severe debt, for someone at her time of life.

gboy · 26/01/12 - 22:11

I thought Andy Hunter left her the house in his will? It must be worth quite a bit. Perhaps she used that as security to buy the Arches.

Chrissy 2005 · 26/01/12 - 22:17

And she took out a loan from Norman to help Simon with his debts.

Which she then discovered she could loose the house too.

[Deleted User] · 26/01/12 - 22:33

gboy wrote: »

I thought Andy Hunter left her the house in his will? It must be worth quite a bit. Perhaps she used that as security to buy the Arches.

I always said this.

She only borrowed £50k against the house so their had to be a substantial amount of collateral left in the house.
Plus you wouldn't get much change from £1m for a house of Pat's size, it was like a Tardis! How she ended up nearly destitute is anyones guess, I mean, ugly chandelier earrings can't be that expensive!

ayrshire lass · 27/01/12 - 10:57

Pat's house is worth quite a bit, so who owns it now? Surely it would now belong to her sons, and as Simon has money problems, he would want to sell it?

burton07 · 27/01/12 - 14:55

gboy wrote: »

I thought Andy Hunter left her the house in his will? It must be worth quite a bit. Perhaps she used that as security to buy the Arches.

I seem to remember he left her the bookies as well.

Chrissy 2005 · 27/01/12 - 15:24

burton07 wrote: »

I seem to remember he left her the bookies as well.

Your wrong, he left it to Dennis. So when he died it went to Sharon. Dennis and Andy were old friends and Pat and Andy were new friends.

Hey there!

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