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I'm New and Confused
Comments
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As the others have said, the advisor is a moron.
I note the house is a high-value one and you apparently have a decent amount of equity in it.
There's money to be had from such a large transaction, and not just for your creditors.
Some people do the strangest things when there's a lot of money about.0 -
The latest email from PayPlan
"In Bankruptcy the Official Receiver will decide what should happen with the property, therefore this is why you must not sell the property until this decision has been made"
My Response:
"So if I get an offer today for full asking price I should turn it down and wait for someone to decide??"
Unbelievable, so do I tell my estate agent the bad news and to forget about selling the house??0 -
No, go ahead and sell it."Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama0
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You are not bankrupt yet? there is no reason why you cant sell the property as long as you tell the OR the truth and account for any money you receive which may need to be paid to the OR0
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Sorry just read the thread back - you seem to be getting confusing advice from your advisor!
There is nothing to stop you selling the house and settling the debts - you are not BR and if the debts are paid they cant make you BR -0 -
Anondebtadvisor wrote: »There is nothing to stop you selling the house and settling the debts - you are not BR and if the debts are paid they cant make you BR -
100% correct
IGNORE PayPlan, the idiot writing those emails knows nothing about the legal position. Considering their shocking advice I would not even bother communicating with them, waste of time.0 -
I agree with Mouse, I wouldn't communicate with payplan either."Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama0
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no the OP must communicate with payplan as they are the IVA providor and as such hold a legal position with regard to their case, as i said earlier the way to go is to someone more senior in the organisationHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
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