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 I am about to go bankrupt. Why is solicitor wanting legal aid to put a charge on house ?
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Starting Member

6 Posts

Posted - 25 September 2014 :  20:03:01  Show Profile  Visit Donna.wr's Homepage  Reply with Quote
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 .


United Kingdom
4590 Posts

Posted - 25 September 2014 :  20:34:45  Show Profile  Reply with Quote

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

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Junior Member

230 Posts

Posted - 26 September 2014 :  01:48:58  Show Profile  Reply with Quote
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.
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forum expert

United Kingdom
2211 Posts

Posted - 27 September 2014 :  09:05:17  Show Profile  Reply with Quote
Hi Donna,

Have you taken debt advice? Are you wanting to keep your home?

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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