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Bob, tell your friend.
IVA you are paying the debt back in monthly installments that you can afford. Can go on for 6 years.
Bankruptcy depends on whether you have any assets. If so they have to be sold off to pay off the debt. Exceptions are pension and vans and tools that you need to work.
So in my case all I owned was my pension, van and tools. Everything else was in my partners name. If we had been married then they could have taken the lot.
So I ploughed the £13.5k in my SIPP into COPL at 0.04p which gave me 34 million shares plus a few I already had and then I traded in and out when the SP was bouncing up and down until I had 64 million shares. I was very lucky. And then Atomic came along. Thank you Arthur. I put it all down to my late Dad who was also called Arthur and he died when I was 8 years old.
Well if it hadn't been for Covid my spreadbet would have made me £400k. Unfortunately, Covid came along and I lost my bet in 3 days. Going bankrupt was the best financial decision. That way I didn't lose anything. And now that is all in the past. Also if I hadn't have gone bankrupt I wouldn't have 64 million shares in COPL. So maybe you should trust this accountant.
I never was any good with feelings and empathy. Probably why I was good as a killing machine for HM.
As an accountant, paying off the mortgage is not necessarily the best thing to do. A mortgage is usually your cheapest loan especially at the moment. Certainly pay off credit cards, etc. Each to their own though.
Andy himself is the only person who has used the word "idiot".
Depends on the SP in the first week or two. But yes definitely let most of it ride for a year or two. I still want to see Nigeria and OPL226 come good.
64 million. Not as many as Arthur and his mates.
Yes I do them all the time. In fact I need to one this week.
I am an accountant.
The Qtr 2 results could be delayed until end of Sept or longer if need be.
Holstb, so why are people still saying the prospectus may be submitted this week or next week?! They obviously need to be put right!
The prospectus may have been submitted weeks ago for all you know. It is all just guesswork.
Yes I am still here from before Liberia.
I am pretty chilled Bob. All the ducks are lining up. We will get there in due course.
More worried about getting the underfloor heating sorted before the kitchen installers turn up in October. Busy knocking down walls, building walls, digging trenches, etc. Have a great day Bob. Watched the Sail GP up on Plymouth Hoe yesterday. GBR won the 2nd race. Glorious weather.
There already is lots of new names on here!
I have mentioned Elizabeth quite a few times on this BB in the last 9 months so I don't know why you are all suddenly surprised to find out she works at Copl. Previously she worked for Shell after university.
Elizabeth is AMs daughter. I am friends with her on linkedin. She started at copl in 2016. She studied oil at university.
Just for a bit of balance.
I think we have shown patience for the last 7+ years. Not sure about 4 months. That is just the blink of an eye.
What is ADS?