She didnt go to CCCS

Hi There,

I posted the other week to say that my sis was having problems, and that she had made an appointment with the CCCS, but also, she had contacted a company (cant remember their name), who were an insolvency practitioner.

Well, the CCCS were meant to contact her yesterday, and this guy from the insolvency company was coming to see her yesterday too. I told her to speak to them both, but, she cancelled the appointment with the CCCS, and only spoke to this guy. So, he is coming back to see her on Friday to get all the paper work signed. To be honest, the guy did say to her that he didnt think it would be best for him to come back so soon, and that she should also seek advice from another party to make sure that she was getting the best advice for her situation, but, she said she doesnt have time for that, and needs to get it sorted this week as she is off work.

The guy said that she should consider protecting the equity in her house (at the moment, there is no equity on her home as its mortgaged to the max), but, she should do this incase the housing market picks up, and she ends up with equity within the next 3 years, that way, her creditors cant try to claim the equity. He has said it will cost approximately £1000 to do this (he did say this was a rough figure, but, it could end up more or less). Is this right, is this what she would have to do? He said wherever she gets the £1000, it has to be seen as a gift because whoever gives it to her will have to write a letter basically saying they have given it to her as a gift etc, so guess who has been asked to give it to her ........me.

He also said that they could take her car off her because this will be seen as an asset. She has told him that she needs her car to get her to and from work as there is no public transport that will take her anywhere near her place of work, but, he has told her that her creditors will not look at it in this way.

He asked her if she had anything on hire purchase and she told him no, however, she then said to me "oh i forgot to tell him about the tv (which her ex husband has), and the fridge freezer which im paying back every month, and is in my name. I told her that they would be classed as hire purchase, and i thought that the companies could actually come and take the items back, but, she said thats rubbish and they cant do that!!!!! She also said that hire purchase is for things that you have hired, but, I dont think this is correct. She said they cant take the tv anyway because her ex has it, and she doesnt, but, Ive said if im correct, and they do want to reposses the tv, she will need to get it back off of her ex. Would this be right?

Does anyone know if what he has told her is correct? Im really worried for her, and have constantly told her that I dont think she should just take his advice, and she should speak to someone else, but, my advice is falling on deaf ears.

Can anyone tell me what the likelyhood is of them taking her car?
If they do take her car from her, then guess who she is going to ask to give her money, yip me. Ive obviously spoken to my husband about this, because ive had to tell him that we have been asked to give her a loan of the £1000 to protect the equity on her house", Ive also said to him about her car, and said that I think we will be asked to give her a loan of money should her creditors take her car off her, and his reply was "well we are not a bank, she will just have to use public transport, or come to some sort of arrangement with her ex and he can run her up and down to work", her ex is a taxi driver.

Im obiously very worried about her situation, and I know that there is no way she will go and speak to someone else about it for her. Im really just wondering if what this guy has said is correct.

Jacki