Monday, 24 October 2011

When will this recession end?

You know when you're just so angry with the world that you don't actually know what to do?

I received a letter from one of my clients this morning asking me to accept a CVA.  A CVA is a Company Voluntary Agreement - a company realises that they're in trouble and asks their debtors to agree to a repayment schedule.  Except in this case they're asking me to accept 30%, yup, that's thirty percent of the money they owe me, repaid over 6 months.  That will work out at a grand sum of about £20 a month.  I'm the only private individual on the list - all the rest of the debtors are big companies.  A company is in a much better position to absorb losses than a person.  The person who introduced me to the company has been paid in full (and isn't answering my phone calls).

The worst thing is - I had serious misgivings about them right from the start.  During the site visit they confused metres with feet and gave me the stage measurements in metres so consequently I hired equipment commensurate with the measurements in metres.  Talk about over doing it!!

Note to self - follow your instincts.  If it feels wrong, it usually is.

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