Bad Advice

icam0108

Hi,
I went bankrupt in 2012 after getting professional advice from a company that sent a flyer through my door. I was in a debt management scheme prior to seeking advice but it was clear from the outset that their advisor was  steering me towards going down the bankruptcy route. At the time I had a home and was paying the mortgage but living well beyond my means. Stupidly I took their advice and at the end of it all I lost everything including my home which they had said all along would not happen. Am I too late to make a claim for poor advice as this has bugged me for years and whether or not I could do something about it.

Brock_and_Roll

First things first, are they still trading?

MEM62

icam0108 said:

advice from a company that sent a flyer through my door. 

In terms of reliability that probably come a close second to taking advice from "the guy down the pub".  If the company is still trading and if they are regulated then you should be able to lodge a complaint.  Why, eight years on, do you now think that the advice was flawed?    

sourcrates

Advice from anyone advising a client who owns property, to go bankrupt, should be taken with a pinch of salt.

One thing I can`t quite get my head around though, what was in it for them ?

The bankrupcy fee is currently £680, did they charge you more on top of that, what was their angle here ?

An IVA, I could understand, but bankrupcy ?