Not sure about CAB advice

nervousmother

snowbear21 wrote: »

First: I volunteered for CAB for awhile and heard more incorrect and bad advice being given than good. For the real lowdown, see a solicitor. They usually give the first meeting free.

Second: they frequently tell you they won't take the house. They lie. They wait until just before the thing's due to be discharged - and THEN they take your house.

Like I said - SEE A SOLICITOR.

The OR has 3 years to deal with any property from the date of discharge. In most cases it is dealt with within the first year. If you have a family they can not make you leave during the first year anyway. If the house is in negative equity and the mortgage payments are not too high the house is normally sold to the BR for £1 plus costs of £210.
I have not heard many stories on here where the OR has said they wont take the house then waits until discharge to take it, in fact iv not heard of any.
They do not want to make anyone homeless, they are only interested in a property if it has equity and even then urge the BR to find a family member or friend to purchase that equity at a discounted rate.

A solicitor is not needed, i know they can be seen free for a short visit but no one should pay for BR advice.

Please be careful in what you post as it could scare someone who is thinking of going BR

fermi

snowbear21 wrote: »

Second: they frequently tell you they won't take the house. They lie. They wait until just before the thing's due to be discharged - and THEN they take your house.

Nonsense. The OP has stated that it is in negative equity. The OR/trustee would not force a sale in those circumstances.

Trollfever

snowbear21 wrote: »

First: I volunteered for CAB for awhile and heard more incorrect and bad advice being given than good. For the real lowdown, see a solicitor. They usually give the first meeting free.

Second: they frequently tell you they won't take the house. They lie. They wait until just before the thing's due to be discharged - and THEN they take your house.

Like I said - SEE A SOLICITOR.

How much does a solicitor usually charge to handle a bankruptcy case?


And.............
The solicitor will fill the forms in for you. give you cups of tea and let you have a fag break and not charge you by the minute.

fermi

blind-as-a-bat wrote: »

Dont know, but the last poster that used a 'company' to handle it quoted the bill at £1500

Shame you can't get them to bill you in advance.

debt_doctor

snowbear21 wrote: »

First: I volunteered for CAB for awhile and heard more incorrect and bad advice being given than good. For the real lowdown, see a solicitor. They usually give the first meeting free.

Second: they frequently tell you they won't take the house. They lie. They wait until just before the thing's due to be discharged - and THEN they take your house.

Like I said - SEE A SOLICITOR.

The "incorrect and bad advice" is being given by yourself.The insolvency service are not in the business of selling property at a loss for no good reason - and they would end up with the bill!

DD

Miss_Poohs

Might be missing the point here - but why would a solicitor take on a BR case if he knew you didn't have the money to pay him/her at the end of the BR?

nervousmother

The OP was sugesting he initially took some free advice from a solicitor. If a solicitor were to know about impending BR they would ask for money up front.

Kikimay

Snowbear21 I don't know which CAB you were at but the one here in Mansfield has 5 paid debt advisors and they are 1st class and know their stuff!
I would tell anyone to go and get free advise and help from the CAB

philnicandamy

I agree...i'm in CAB training as well at the moment with hopefully the chance later to specialise as a debt advisor...one things for certain the guys & girls where I am definatley know their stuff

pay a solicitor? never heard such tosh....sure the 1st meeting "may" be free but once the word bankruptcy is heard they'll very very quickly either

A: Run a Mile

B: Ask for funds upfront

what you suggest snowbear is just dangerous and confusing at a time someone is stressed enough trying to take things in.

piptom&AndyPandy

There is a company that will filll the forms in for £299 or something like that. I work in the OR office, trust me they're not looking to trip anyone up. If a home is in negative equity it's correct they sell their interest back for £1. An IPA may be suggested if you have an income but if not then usually not. If you do get a job while bankrupt (not discharged) then you need to let them know. I agree with the solicitor advice, you're much better off consulting CCCS or Payplan for advice.

Pip
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