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    Fair Deal Scheme Scenario

    I think the key to this riddle depends on the life expectancy of dear aunty. Plan A If the decision is to stay out of the fair deal scheme for now and the next five years, and to transfer 1.6m of assets to the nieces now, the following is relevant : 1)There is an immediate CAT bill of half a...
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    Receiver sale, their solicitor claiming they don't have to clear all charges on title

    I'm not a solicitor but have come across such issues in the past. The salient point here is whether the transfer deed is being executed by a) the receiver OR b) the mortgagee in possession. If the deed is being executed by the receiver then yes you have a problem with the burden of subsequent...
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    Accountants rates?

    Some Accountants do good work and can add considerable value to a small business. Unfortunately for that profession, there is an over supply of accountants in this country and fee levels have plummeted dramatically in the last twenty years. At a guess, I believe that you will have no problem in...
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    no will three arguing siblings

    Not following you Tommy................. No need to engage a solicitor to confirm that your mother has died intestate and that you are entitled to 1/3 of the estate. Setting two or three solicitors loose on each other is (in my experience) unlikely to get the desired outcome in a family...
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    no will three arguing siblings

    Try to get a trusted mediator involved first. I would avoid engaging solicitors. That approach is unlikely to have the desired affect.
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    Being paid for Confidentiality agreement on leaving job

    This is a difficult situation for you. I suggest that you become familiar with the Protected Disclosures Act 2014. By making a protected disclosure to your employers about any wrongdoings in the workplace, you are arming yourself with a raft of protections against dismissal, penalisation etc...
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    Marriage break up rights to sell property

    Yes of course she can. The wife and children have left the house. She may require an order of the court to do so.
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    Paying for car in the UK from private seller

    1. Perform a HPI check to ensure the car is free from finance and previous accident damage 2. Ask to see a copy of the V5 (the UK registration document) and MOT cert 3. Get a sterling bank draft made out to the registered owner as listed on the V5 4. Send an image of the bank draft to the seller...
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    mortgage unpaid by late parents

    If I understand it correctly, your great grandfather is the registered owner on the folio When he died your grandmother inherited the property but never registered it in her name. *You dont say if your grandmother was your fathers mother OR your mother's mother* So here's the questions you need...
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    How to choose car hire company in the UK

    Hi Brendan I hire cars in the UK three or four times per year and the three firms you mention above are all much the same in the way they operate with no noticeable differences between them. I just go with the cheapest quote at the time of booking. Last time I rented a car from London Stansted...
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    Mortgages sold to cerberus

    I fully agree with Hubble. The game now is to send in a receiver and get those BTLs sold. The tracker is your problem here Its unprofitable and the new owner of your loan will want it gone asap. If the loan is distressed in any way, there is a good chance that the bank will have a right to...
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    Isn't bankruptcy better than a PIA?

    If your PIA breaks down because you no longer have the income to pay it, neither will you have income to pay a bankruptcy installment order so there's no issue with that at all and definitely not a key issue as you say. Look, Id recommend you talk to a PIP and find out a bit more about it. There...
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    Isn't bankruptcy better than a PIA?

    In my experience there is a lot more going on in the background of this type of case than first meets the eye. First of all, the difference for a debtor between pursuing one route rather than the other need not be that great and practically is usually not that great. For example its easy to...
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    Isn't bankruptcy better than a PIA?

    Answers to your questions 1, The law should be implemented as it is WRITTEN and reasonably interpreted. That's the only way it can be implemented. 2. I am agreeing with the law as it is written in the context of it being more difficult to enter under recent legislation and in light of recent...
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    Isn't bankruptcy better than a PIA?

    It seems to me that what you really want is for the legislation to be rewritten to grant absolute rights of bankruptcy on demand. Personally, I think that's going too far. Creditors rights also need to be taken into account (even if they are banks) You must remember also that bankruptcy was...
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    Isn't bankruptcy better than a PIA?

    OK Lets take this in smaller steps, if you wish.................. If a PIP, having reviewed your financial circumstances forms an opinion that there is a reasonable chance that a formal arrangement will be accepted by your creditors, he or she will be unable to give you the necessary letter of...
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    Isn't bankruptcy better than a PIA?

    Well, I'll answer your question (as a former PIP) For two years I assisted numerous clients to obtain settlements with their creditors through informal arrangements.When it became clear that I could not continue with this work without getting further regulatory approval from the central bank...
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    Fair Deal/Nursing Homes Fair Deal............a worked example?

    Looks like you will be paying the nursing home in full for at least four or five years and a sizeable proportion thereafter.
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    Transfer of ownership of house to an adult child

    Can the parent not sell the property to the "child" and retain a life interest in it. In that way there is no gift from child to Adult and no gift from adult to child. Maybe i have misunderstood.
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    Review of our financial status

    Well done OP, not bad at all. My own circumstances were very similar to yours about ten years ago. In my view your borrowings are a little on the high side. Sooner or later it may become apparent that either yourself or your wife will want (or need) to stay at home full time when the kids are...
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