Yes Jim this is the same case. I would like to thank you for your invaluable information on that thread. Having thought more about it we decided that he should try for a PIA or DSA and in lieu contacted a PIP that is regarded as one of the best in their field. Debtor was made feel comfortable and came away thinking clearly - in fact we all did; light at the end of a dark tunnel etc. They even advised him to go for a PIA so they would be able to make his mortgage more affordable. Last night when I looked at replies on this thread I nearly fell off my seat having read 44Brendan's reply (no offence Brendan!). We were not aware a protective certificate could or should be obtained; this was never mentioned. You really learn something new on here every day.
The PIP's practice was contacted this morning and asked about the protection certificate etc. and we were informed that it was not the PIP who interviewed him yesterday but a debt advisor who passes on the information onto the in-house PIP and the PIP can then make a decision on what to do next.
Said PIP has been brandished with all up to date debts owing i.e. mortgage, investment property and unsecured liability. I understand they will be required to write to the creditors asking them for up to date figures.
"Sheriff" is still being paid simply out of fear which is crazy as the individual has ceased trading in fear of being seen to be recklessly trading and is currently seeking employment.
There are two properties involved; one residential and the other investment. Both are in negative equity but fully paid each month. Jim, I presume neither are seize-able?
The business never had equipment or stock etc.