can i work as a mortgage advisor if i go bankrupt?

willsandolly

Hi

Do you mean that you believe that a DISCHARGED bankrupt can advise??

It takes a year doesnt it from being declared bankrupt and then discharged?

Thank you for your help i really appreciate it.

fiveyearplan

PinkTwirl wrote: »

I've read some of Girly's other threads, I may be wrong but she strikes me as one of those people with 3 flats in Chelsea and a trust fund an a husband that is a CEO of some company, otherwise she would understand how easy it is to lose everything.

The more you have the more you stand to lose and it does happen! Look at all the pop stars etc who have gone BR. I'm sure a lot of those wives you are speaking of have no idea how their finances are run and wouldn't have a clue unless the cheque bounced for little rupert's horse riding lessons.

minimike2

willsandolly wrote: »

Hi

Do you mean that you believe that a DISCHARGED bankrupt can advise??

It takes a year doesnt it from being declared bankrupt and then discharged?

Thank you for your help i really appreciate it.

Correct yes.

It doesnt have to take a year, but that is about the average these days I believe. You can be discharged in a matter of months though.

positivestep_2

Willsanddolly

Unfortunately, the FSA does not approve of mortgage advisers who are bankrupt. I used to be a mortgage adviser but am now out of the industry, but not because I am bankrupt. One of the employers I worked for sacked a mortgage adviser instantly, because a day after he started they found out that he was bankrupt. I understand that the FSA are looking to relax these rules in the future, however, I don't know how long this will take.

It is possible to carry out an admin role in the financial services sector, however, some employers (but not all) do a credit check even if you apply for an admin role. If you do decide to study CeMap, then I wish you all the best with your studies and hope you find the course as enjoyable as I did. I took CeMap 1, 2 and 3, however, I can't practice as a mortgage advisor now even if I wanted to.

I agree with the other threads who have said do not allow other people to judge you. We are all here for help to get us through a difficult time, not be be judged.

peachyprice

GirlyGirl wrote: »

NO most of the country is not in financial difficult a !!!!less few are.
You can take out insurance with every debt you agree to and that is what anyone with half a brain does, thinks ahead and plans for every eventuality.

God help you if the bottom falls out of your world, cos nobody else will.
You narrow minded nasty piece of work.

And, may I ask, what the hell are you doing trolling on a BANKRUPTCY forum when your own finances are so tickety boo and you are 100% sure nothing bad is ever going to happen to you?

Oh, and you obviously haven't heard of all the people have been mis-sold PPI that won't pay out on the majority of instances because of all the get out clauses. But I suppose you have special policies, as you are sooooo financially savvy that'll pay out if you fart in the wrong direction.

DON79

Girly girl go away. you are not wanted here because you have nothing useful to contribute to this discussion. you are such a troll. have reported your post to get it removed. am doing that to all your posts whenever they pop up on here. you just come on here to tell people how you are so much better than them and glorify your ego about how you are coping so well. now crawl back into your hole and back to your own obviously perfect little world.

If everyone has not already, please add her to your ignore list!

PinkTwirl

fiveyearplan wrote: »

The more you have the more you stand to lose and it does happen! Look at all the pop stars etc who have gone BR. I'm sure a lot of those wives you are speaking of have no idea how their finances are run and wouldn't have a clue unless the cheque bounced for little rupert's horse riding lessons.

True, you are so right. It does happen! Apparently there are penthouses work £2.5M in Canary Wharf up for sale that have been repossessed! I still think it's awful though, it's still a shame for them. No-one would like to be in that position.

PinkTwirl

I've always wondered how you can expect the unexpected. It's like that phrase at work "think outside the box".

Fair enough you know that you will have income to cover your expenses should it happen, however, a lot of people would be in a terrible position if they lost their job and it's not fair to judge them.

There are all sorts of people on here, we aren't brainless or stupid or carefree with money, but life cirumstances happen and you have to deal with the aftermath. It's hard to have a few thousand tucked away.

peachyprice

GirlyGirl wrote: »

Hilarious, you keep telling yourself it's not my fault blub blub.
My husband has just been made redundant am I !!!!!!!! myself, am I heck we have situations like this covered, it's called common sense, expect the unexpected.

Yeah, come back and see us when he's been out of work for 2 years and your insurance has stopped paying out.

Now that WILL be hilarious:rotfl: :rotfl: :rotfl:

DON79

fab reply PP :rotfl: and all too true!