Rambling on...

edited 21 April 2017 at 9:04PM in Debt Free Diaries
2K replies 131.7K views
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  • anna_1977anna_1977 Forumite
    862 Posts
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    Hi Anna,

    thank you.
    It's the amount that was agreed on (5 kids)

    Ahh 5 kids - they definitely explains it :)
  • UncannyScotUncannyScot Forumite
    2.1K Posts
    Fifth Anniversary 1,000 Posts Photogenic
    Quickie Update

    Financial

    Switching over to new bank account.
    DD's, SO's etc on old account ALL cancelled
    Working on updates to my spreadsheets etc and gathering all the data info I need for next CAB meeting on Monday (22nd)
    Staying positive and thinking happy...

    Cat

    Have contacted local Cats Protection again regarding re-homing an indoor cat... left a message so awaiting contact

    Staying focused

    Have a good one everybody
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
  • TahlullahTahlullah Forumite
    1.1K Posts
    Sending positive vibes your way in the hope they help.

    Tx
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    Owed at the end of -
    02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
    07/19 - £77,500. 08/19 - £76,000.
  • UncannyScotUncannyScot Forumite
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    I may have to apply for sequestration (Scottish Bankruptcy)... :(

    I was looking to do a DPP, however, in order to get myself totally debt-free and not be worrying about anything coming back from the past Sequestration may be my best option...
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
  • Sun_AddictSun_Addict Forumite
    16.4K Posts
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    Forumite
    Do what's best for you, then you can start afresh, wipe the slate clean.
    Christmas Savings 2022 £354.38/£600
    July NSD: 2/12
  • UncannyScotUncannyScot Forumite
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    Thank you Sun Addict :D

    I will be looking at all the pros and cons...

    A DPP (Debt Payment Plan) is covered by the Scottish Governments' Debt Arrangement Scheme (DAS) and is conducted in a similar way to sequestration, the difference being you pay back the debt which is frozen at the point of it's inception... your creditors CANNOT add any further interest onto what you owe and they CANNOT harass you in any way... it can last for much longer than sequestration...
    It is controlled by the Accountant in Bankruptcy and your plan is assigned an administrator who will make payment from your remaining income to all your creditors who each get a share dependent upon amount owed... the key being a reasonable period of time to pay back... I believe it is 10 years...

    Sequestration (Scottish Bankruptcy), usually discharged after a year can last up to four years dependent on level of payments towards debts... Debts are cleared... six years on credit file then gone...

    Seems ATM that sequestration is best option.
    Yes it will have long lasting effects on credit rating, however, as I have no intention of seeking any further credit in the future that's kind of irrelevant...
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
  • UncannyScotUncannyScot Forumite
    2.1K Posts
    Fifth Anniversary 1,000 Posts Photogenic
    Just heard that Chris Cornell has died :(

    Will be listening to Soundgarden and Audioslave for a while....

    RIP Chris :cry::cry::cry:
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
  • Sun_AddictSun_Addict Forumite
    16.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    That must have been such a shock for his fans just been to the concert, very sad, he must've been in a very dark place :(

    The sequestration sounds the best option for you if you have no plans for further credit.

    What's happening on the cat front?
    Christmas Savings 2022 £354.38/£600
    July NSD: 2/12
  • UncannyScotUncannyScot Forumite
    2.1K Posts
    Fifth Anniversary 1,000 Posts Photogenic
    Hi Sun Addict,

    Chris' death was a shock, a key voice of my youth and the grunge scene along with Eddie Vedder, Kurt Cobain, Scott Weiland and Layne Staley. Now only Eddie remains...

    Yes, sequestration appears to be the best option as it will deal with everything in one fell swoop and then I will have nothing further to worry about... my only concern is how it will affect the support I give to the family.

    I have heard conflicting views on this, that either the appointed trustee will not be interested in family/child support payments that are made as agreed OR that they will seek to reduce these if THEY think they are too much... I do not want my kids to suffer any more because of their fathers' financial foolishness, I will go without for their sake's (and have done many a time).
    If anyone has any input on this please advise, it is likely that the local CAB Debt adviser may be my trustee, however, if anyone has experience to share please do...

    on the cat adoption front, waiting to hear back from the lovely lady I first contacted about an indoor only cat.
    I have also contacted a few smaller local organisations regarding providing a home and I am just waiting to see what happens...
    I would love, if I was ever to have a home with a garden and away from busy roads to get a cat that could wander and explore to its' hearts content...
    As soon as I know what is happening I will post an update. I know this must be as frustrating for those of you who follow my ramblings as it is for me and believe me when I do finally get my cat you will be absolutely overwhelmed with posts and pictures of our adventures :D
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
  • UncannyScotUncannyScot Forumite
    2.1K Posts
    Fifth Anniversary 1,000 Posts Photogenic
    I've posted on the Bankruptcy and Living with it section of the forum regarding my sequestration questions...

    Hopefully someone there can offer some advice, however it seems to cover what it is mostly Bankruptcy from the point of view of the rest of the UK... It's a different system in Scotland
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
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