I am about to go bankrupt and have legal aid fees. my solicitor wants the legal aid to put a charge on the house first. why is this. no equity in house. value is same as mortgage .
I imagine the solicitor wants to secure his own debt before you go bankrupt.
The OR will keep an eye on the value of your house for two years and three months before making a decision.
I take it this is after you sorted out your problems from your divorce last year?
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
I would think because it was the public purse that they want to ensure they can something back if the house is sold? I only have experience on having a charge on my old house for a secured loan and that was the reason.
I am about to go bankrupt. Why is solicitor wanting legal aid to put a charge on house ?
Posted - 25 September 2014 : 20:03:01
