9th feb 9.30am

betterlife2009

Well ive gone and done it
Booked my petition date today 9th feb at 9.30 am

betterlife2009

How does this sound

My debt problems began several years ago after leaving full time employment to start my own internet retail business
I already had manageable debts however I started adding to these by purchasing stock for my business
I ended up taking further credit with other banks and catalogues purchasing stock and borrowing from them to pay others to support my business.
Last year I purchased shares to try to recoup some of my losses, however this was not successful, and I ended up losing money on the shares
Sales and selling prices in my retail business are declining, which combined with everything else has caused me to look into Bankruptcy as an option to give me a clean start.

I have recently taken advice from CCCS and the CAB and they have advised me that Bankruptcy is the best viable option for me.

I deeply regret the situation I have gotten myself into, however there was no time that I did not believe that I was taking out credit that I would not be able to repay.

skintsteve_2

betterlife2009 wrote: »

How does this sound

My debt problems began several years ago after leaving full time employment to start my own internet retail business
I already had manageable debts however I started adding to these by purchasing stock for my business
I ended up taking further credit with other banks and catalogues purchasing stock and borrowing from them to pay others to support my business.
Last year I purchased shares to try to recoup some of my losses, however this was not successful, and I ended up losing money on the shares
Sales and selling prices in my retail business are declining, which combined with everything else has caused me to look into Bankruptcy as an option to give me a clean start. (If anything i would just leave this bit out)

I have recently taken advice from CCCS and the CAB and they have advised me that Bankruptcy is the best viable option for me.

I deeply regret the situation I have gotten myself into, however there was no time that I did not believe that I was taking out credit that I would not be able to repay.

That is fine and on a similar note to ours.

betterlife2009

Thanks mate

Did yours go ok

skintsteve_2

Hi mate,

Have a read of this:

http://forums.moneysavingexpert.com/showthread.html?p=17678811#post17678811

like i say it's not the best day to say the least, but i am finally seeing light at the end of the tunnel. Once done it is such a relief!!!!!!!!!

Steve

badgermum

Hiya betterlife

Definitely agree with skintsteve would sound better if the "as an option to give me a clean start" was left out. But it's honest and to the point.

Good luck x