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Help with SOA and offer letters/company debts etc
billvell
Posts: 9 Forumite
Dear board,
(I have just spent almost an hour typing my first ever post, only to lose it all as I’d timed out! D’oh!...try again….)
After months (if not years) of burying my head in the sand and ignoring the phone and recycling un-opened post, I’ve finally begun taking steps to regaining control of my finances and my life! I owe a lot of my new-found drive to be debt free to the MSE forums and the helpful, supportive, imaginative and encouraging members and regular posters, whose thoughts and shared experiences are invaluable ! THANK YOU!
My first major hurdle (after deciding that enough is enough, that is!) was organizing my SOA (I’m not sure exactly which route I’m going to end up going down, but they all seem to require that this be sorted!). As I think most people find, sorting a SOA can be really tricky as one persons’ idea of ‘sensible and reasonable’ is crazy to another person! This is a topic that is mentioned a lot on this forum and it’s really useful to get a rough idea or ‘line of best fit’ before completing your own.
To any people reading this who are new to the board, I’d thoroughly recommend speaking to either (or both) the Citizens Advice Bureau (www.citizensadvice.org.uk) or National Debtline (www.nationaldebtline.co.uk), not just for statement of affairs info, but all things money as there are amazing!
I’ve trimmed as much off my expenditure as is humanly possible (the retro money-saving tips I thought were really good fun – re-using tea bags, washing clothes with pebbles, eating tins of 5p beans 17 different ways etc lol. And as always (and especially in todays climate) always checking for the best energy providers etc can be a great source of savings.
Also, I wondered if anyone had ever heard of, or used, a website called the Sterling Trust? (www.sterlingtrust.org.uk) they appear to be a charity who help you organize letters to creditors etc by taking your I & E and calculating offers etc which seems quite usefu...l? I heard about it through work, but I’ve only ever really heard of the major organizations like N.D. & CAB, so wasn’t sure about it.
The only real stumbling block I’ve come across so far is where both a loan and credit card debts that I accrued whilst setting up a company with an ex partner come in and how they affect me/them………….The company is doing very badly anyway – if they go into liquidation, do my debts go with it, or am I responsible for them as they’re in my name etc ……………??????
Keep up the good advice guys and thanks in advance.
Cheers
(I have just spent almost an hour typing my first ever post, only to lose it all as I’d timed out! D’oh!...try again….)
After months (if not years) of burying my head in the sand and ignoring the phone and recycling un-opened post, I’ve finally begun taking steps to regaining control of my finances and my life! I owe a lot of my new-found drive to be debt free to the MSE forums and the helpful, supportive, imaginative and encouraging members and regular posters, whose thoughts and shared experiences are invaluable ! THANK YOU!
My first major hurdle (after deciding that enough is enough, that is!) was organizing my SOA (I’m not sure exactly which route I’m going to end up going down, but they all seem to require that this be sorted!). As I think most people find, sorting a SOA can be really tricky as one persons’ idea of ‘sensible and reasonable’ is crazy to another person! This is a topic that is mentioned a lot on this forum and it’s really useful to get a rough idea or ‘line of best fit’ before completing your own.
To any people reading this who are new to the board, I’d thoroughly recommend speaking to either (or both) the Citizens Advice Bureau (www.citizensadvice.org.uk) or National Debtline (www.nationaldebtline.co.uk), not just for statement of affairs info, but all things money as there are amazing!
I’ve trimmed as much off my expenditure as is humanly possible (the retro money-saving tips I thought were really good fun – re-using tea bags, washing clothes with pebbles, eating tins of 5p beans 17 different ways etc lol. And as always (and especially in todays climate) always checking for the best energy providers etc can be a great source of savings.
Also, I wondered if anyone had ever heard of, or used, a website called the Sterling Trust? (www.sterlingtrust.org.uk) they appear to be a charity who help you organize letters to creditors etc by taking your I & E and calculating offers etc which seems quite usefu...l? I heard about it through work, but I’ve only ever really heard of the major organizations like N.D. & CAB, so wasn’t sure about it.
The only real stumbling block I’ve come across so far is where both a loan and credit card debts that I accrued whilst setting up a company with an ex partner come in and how they affect me/them………….The company is doing very badly anyway – if they go into liquidation, do my debts go with it, or am I responsible for them as they’re in my name etc ……………??????
Keep up the good advice guys and thanks in advance.
Cheers
0
Comments
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Hi, can't offer any advice but thought I'd give your post a little bump for you:)0
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Thanks Quietgirl! I think I may have waffled too much with my post! Cheers0
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