Statement of Affair...
 
Notifications
Clear all

Statement of Affairs

11 Posts
3 Users
0 Reactions
1,445 Views
(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
Topic starter  

Is this sent to creditors in sequestration cases as well as pTD cases?

I know the creditors are not invited to accept/approve a sequestration, or agree contribution levels, just wondered what they are sent with the claim forms.



   
Quote
(@candlewick)
Reputable Member
Joined: 14 years ago
Posts: 309
 

I believe that this is the case.



   
ReplyQuote
(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
Topic starter  

Sorry Candlewick, not sure if you meant it is the case that a statement of affairs IS sent in sequestration too?



   
ReplyQuote
(@candlewick)
Reputable Member
Joined: 14 years ago
Posts: 309
 

quote:


Originally posted by RockBottomSolidBase

Sorry Candlewick, not sure if you meant it is the case that a statement of affairs IS sent in sequestration too?


Yes, I believe it is the case that a statement of affairs is sent to creditors by the trustee in a sequestration. [:)]

Obviously, in the case of a sequestration, this would happen after the sequestration has been awarded.



   
ReplyQuote
(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
Topic starter  

I'm sorry Candlewick, probably missing the obvious-are you meaning it IS the case that a Statement of Affairs is sent out in sequestration too?



   
ReplyQuote
(@candlewick)
Reputable Member
Joined: 14 years ago
Posts: 309
 

I'm not sure how else to put this RBSB.

I believe it is the case that etc etc.

In other words, that's my understanding of the situation.

But, I'm not cast-iron, rock-solid, positively sure enough to confirm that it IS absolutely, without a doubt, 100% true.



   
ReplyQuote
(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
Topic starter  

Oops, using my phone, thought my earlier post hadn't gone and didn't see yours Candlewick. I'm really not THAT thick, honest.



   
ReplyQuote
(@candlewick)
Reputable Member
Joined: 14 years ago
Posts: 309
 

It's easily done [:)]

(And I think I've spent too much time negotiating with teenagers, at home, this week - my last reply has definite echoes of the "'I'll think about it' doesn't mean 'Of course you can go'" discussion... [:I]

Sorry!



   
ReplyQuote
(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
Topic starter  

Had me laughing , sounded like me with my kids-not sure how else to put this!



   
ReplyQuote
Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 17 years ago
Posts: 4253
 

I can confirm that Candlewick is, as ever, correct and it IS the case.

Sequestration questions I can answer - teenagers? - not a scooby


Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
ReplyQuote
(@rockbottomsolidbase)
Reputable Member
Joined: 13 years ago
Posts: 312
Topic starter  

Apparently grandchildren are a reward for not killing your teenagers!

Not sure how much of an incentive that is though?



   
ReplyQuote
Share: