MortgageGuy
Registered User
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- 81
It's a good analysis from Karl. My only criticism is that he outlines the scheme and possibly builds up people's hopes before he says in the middle of a long article
He then sets out 10 reasons for avoiding the scheme.
He should have highlighted that it is nonsense from the very start.
He finishes up with
HOW come they can win?
.
After being asked by a number of clients about the Charles Allen Trust, I met with representatives of the Trust in late July...........
http://www.broadsheet.ie/2013/08/31/taking-it-back/
plenty of pics there from the 'protest' at the Stud far today...incl 1 of the security guard getting some rough treatment
.
The problem is that they are giving false hope to people. There are people out there who are in difficulty but whose mortgages are sustainable if restructured quickly. If people believe that they can escape their debt and hold onto their homes, they will delay dealing with it and the situation will be irrecoverable.
It will be interesting to see if they ever manage to find themselves a properly qualified brehon to administer their notion of Brehon Law - doubt there has been a qualified practitioner in the country for 500 years! .
Dermot Conway was the preferred notary public for the Rodolphus Allen Trust as it took in and leased back properties at sign-in sessions held across Cork during the summer.
Mr Conway’s decision to cease offering notarising services to the trust came after it controversially retook a stud farm in Kildare. The farm had been managed by court-appointed receivers, Savills.
The trust, run by Kilkenny farmer Charlie Allen, has been used by debtors across the country who hope to put properties out of the reach of banks and lenders.
Mr Conway, who is also a solicitor in Cork City, has now stopped providing the services.
..
On 29 March 2012, the Solicitors
Disciplinary Tribunal found the respondent solicitor guilty of misconduct in his practice as a solicitor in
that he:
a)Caused a substantial deficit in client monies as of 31 October 2009,
in breach of regulation 7,...
c)Recorded monies in the books
of account as ‘fees’ when no such
fees had been received, so that the
books did not show the true financial position, in breach of regulation 12,...
e) Used client account monies of
€26,000, of monies originally received from one named client and
credited to the client ledger of another named client, to make up a
shortfall in stamp duty in relation
to another third named client,
f) Utilised client monies to pay personal expenditure, in breach of
regulation 7.
I love the list of "Freeman successes".
The receivers have brought a motion seeking to have Mr Gilroy, Mr Allen and Mr McDermott brought before the High Court to explain their alleged contempt.
Mr Gilroy, of Navan, Co Meath, who was a Direct Democracy Ireland candidate in the Meath East by-election, Mr Allen, of Inistioge, Co Kilkenny, and Mr McDermott, of Kennycourt Stud, were not in court yesterday.
Judge McGovern said the matters were very serious, and adjourned them to Friday.
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