I've made a decision

Hi - this is just a very quick post to tell you that I have made a decision about my financial position. I have spoken with an Insolvency Practitioner - he knows all about bankrupcy and debt and loads of other financial matters.

I'm just about to leave for work, but I thought I'd update you about it. He seems to think that bankrupcy is not right for me - I'm working and can aford to make a small regular payment to my creditors. He seems to think that a thing called an Individual Voluntary Arrangement would be the correct path to tread.

I have to list all my income and living expenditure - and then list all my debts. The Insolvency Practitioner then tells all the creditors how much I can afford to pay them and offers to oversee the payment deal. He becomes my Financial Minder. If I have a problem, he has to tell all the creditors. They can trust him, because he has posted a 'bond' to guarantee my payments.

It's all done through the Courts, so everyone knows it's legal and above board and - in three years time - I'm out of debt, with a clean slate and a good name again.

It all looks like a good option - the man is away for a few days - so I'll let you know what happens as soon as I know.

In the mean time, I'm trying a new web page building software called
BANS (Build A Niche Store), it's all about connecting with eBay and building a niche store to sell anything that's listed by eBay and getting a cut of the eBay charges. It works really well, it's dead simple to use and - even after just a few days - I'm making money. Not much just yet - but it's a start. Take a look at Computing Step by Step to see the software in action.

Take care in the snow.