- Tue Jun 26, 2007 8:44 pm
Thought I would give an update on the position with my sequestration.
I spoke to the co-operative bank who states that they will have no problems with me keeping my cashminder a/c with them. Very relieved to establish this.
Spoke to the AIB on several occassions via their helpline no., all of the staff at the AIB are very helpful and understanding in their approach and manner(hope this doesn't change). The AIB have got a new computer system which has resulted in them having a backlog and for some reasons thye have been unable to trace my documentation as yet.
With regards to the wages arrestment that the HFC had served, despite being advised by HFC that they could not cancel the arrestment until the AIB contacted them to confirm my sequestration. I wrote to the HFC enclosing a copy of the debtors petition award and thankfully they have contacted my employer and cancelled the arrestment.
Due to the delay with the AIB i decided to contact all of my creditors by phone today(the first time in 18 months that i have made contact, despite now having received over 400 letters) to advise them that i had been sequestrated. The majority of the creditors simply asked at which court and on what date the sequestration took place and then advised me that I would receive no further correspondence from them. A couple of the creditors had no idea what i was talking about when i said that i been sequestrated. This gave me the impression that despite all of there letters threatning legal action that they have no idea about scots law. I had to explain to the less enlightened creditors that sequestration was the scottish equivulent of bankruptcy, this appeared to be understood. All of the companies were in fact ok to deal with, suppose it is too late for them to be anything else.
At the moment being sequestrated feels like a huge burden has been removed from my shoulders and that there is light at the end of the tunnel.