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Bankrupt Solicitors deseve to keep their houses says Jim Stafford

  • 09-09-2013 09:51PM
    #1
    Registered Users, Registered Users 2 Posts: 486 ✭✭


    Drivetime tonight with mary wilson , go to 1HR 21 mins 50 secs
    http://www.rte.ie/radio/radioplayer/rteradioweb.html#!rii=9%3A10195316%3A83%3A09%2D09%2D2013%3A

    One of the newly qualified Personal insolvency planners who will be negotiating with banks on behalf of busted gamblers says that " a professional (and he specifically mentions a solicitor) should be allowed keep a palatial house as this befits his/her standing in society and sends out the signal to neighbours and clients about who they are, thus allowing them to continue to earn a living.
    They need a bigger house than a PAYE worker.
    Really, said Mary Wilson, even if they are insolvent.
    Yes said Jim...the bigger house is in line with their standing in society and he will argue this point with the insolvency board as being a totally legitimate viewpoint."
    Saw this on propertypin
    words fail me
    Unleash Hell


«1345

Comments

  • Closed Accounts Posts: 8,018 ✭✭✭Mike 1972


    LaGlisse wrote: »
    They need a bigger house than a PAYE worker..

    Are Solicitors exempt from PAYE :confused:


  • Registered Users, Registered Users 2 Posts: 14,650 ✭✭✭✭minidazzler


    All viewpoints are legitimate, some are just way more stupid than others and being viewed from a distorted lens.


  • Registered Users, Registered Users 2 Posts: 546 ✭✭✭kfk


    Mike 1972 wrote: »
    Are Solicitors exempt from PAYE :confused:

    They are if they are self employed


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    I don't even...the....errm. What?


  • Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Ronin247


    Another layer of gobsh*tes added to the mess


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  • Closed Accounts Posts: 1,490 ✭✭✭Almaviva


    LaGlisse wrote: »
    Drivetime tonight with mary wilson , go to 1HR 21 mins 50 secs
    http://www.rte.ie/radio/radioplayer/rteradioweb.html#!rii=9%3A10195316%3A83%3A09%2D09%2D2013%3A

    " a professional (and he specifically mentions a solicitor) should be allowed keep a palatial house as this befits his/her standing in society and sends out the signal to neighbours and clients about who they are

    But that would send out a signal about who they are not. They are insolvent. Is he not advocating fraud ?


  • Registered Users, Registered Users 2 Posts: 249 ✭✭D!armu!d


    LaGlisse wrote: »
    ...a professional (and he specifically mentions a solicitor) should be allowed keep a palatial house as this befits his/her standing in society ...They need a bigger house than a PAYE worker.

    Thought this had to be a wind-up 'til I clicked on the RTE link.

    After listening to the clip, I wonder which are the banks he says are amenable to doing these deals - leaving their golden circle buddies in their palatial homes while putting the boot into "PAYE workers"?
    Surely not the ones we bailed out that have 'public interest' directors???


  • Closed Accounts Posts: 236 ✭✭thisonetaken


    people may laugh, but solicitors are going through a really tough time at the moment, I've just donated 200 euro to the solicitors without yachts foundation, its not much but its all I got


  • Registered Users, Registered Users 2 Posts: 1,547 ✭✭✭Fiery mutant


    Nothing surprises me in this country anymore. The lunatics really do run the asylum.

    We should defend our way of life to an extent that any attempt on it is crushed, so that any adversary will never make such an attempt in the future.



  • Banned (with Prison Access) Posts: 23,555 ✭✭✭✭Sir Digby Chicken Caesar


    someone talking ****e in an effort to get a better deal for someone they're representing?

    no ****ing way


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  • Registered Users, Registered Users 2, Paid Member Posts: 23,340 ✭✭✭✭dxhound2005


    Last week on the same programme Pearse Doherty said that people should be allowed to have €6000 savings set aside for their children's education and not to have that touched to pay their mortgage.


  • Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Last week on the same programme Pearse Doherty said that people should be allowed to have €6000 savings set aside for their children's education and not to have that touched to pay their mortgage.

    How else would one pay for Fintan's polo lessons?


  • Closed Accounts Posts: 5,733 ✭✭✭oppenheimer1


    The PIP works on behalf of the insolvent, its their job to ensure that their client gets the best deal out of the process. Its the same as a barrister defending a criminal.

    The argument that a hospital consultant or solicitor needs a trophy house as opposed to a PAYE worker is laughable and no creditor would ever agree to it. The idea that anyone would even suggest it undermines their own credibility.


  • Closed Accounts Posts: 5,219 ✭✭✭woodoo


    That's quite a scary viewpoint for someone in his position. We really do have some loopers in this country.. and the worst part of it is they are often in high places.


  • Registered Users, Registered Users 2 Posts: 2,497 ✭✭✭ezra_pound


    The PIP works on behalf of the insolvent, its their job to ensure that their client gets the best deal out of the process. Its the same as a barrister defending a criminal.

    The argument that a hospital consultant or solicitor needs a trophy house as opposed to a PAYE worker is laughable and no creditor would ever agree to it. The idea that anyone would even suggest it undermines their own credibility.

    When you say trophy house, do you mean one like Pat's?


  • Closed Accounts Posts: 9,085 ✭✭✭SpaceTime


    Class system in full view!

    Quite stomach churning really


  • Closed Accounts Posts: 5,733 ✭✭✭oppenheimer1


    ezra_pound wrote: »
    When you say trophy house, do you mean one like Pat's?

    Yes


  • Registered Users, Registered Users 2 Posts: 486 ✭✭LaGlisse


    from politics.ie : transcript of the relevant portion of the interview

    Mary Wilson (reading a listener email): What happens to my home if I enter into a PIA?

    Jim Stafford: Well, under the legislation the PIP is to try and keep the family in their family home if at all possible. The PIP will have to assess the existing mortgage on the family home, if it's a modest house, if it's a trophy house.

    In practice, the PIP will also have to assess the type of house that might be needed for a professional person such as a solicitor, accountant or a hospital consultant as opposed to a house that's needed by someone who is in the PAYE sector for example, so that, as a PIP, I would be making a very strong case, for example, that a solicitor should have a bigger house that accords with his professional status in society so that his neighbours and clients can see that, yes, this person is a good solicitor who's is living in a good house etc. etc.

    MW: Really?

    JS: Absolutely. The same as for hospital consultants, people like that

    MW: Despite the fact that he's insolvent?

    JS: Despite the fact that he's insolvent, because remember, if we want the solicitor to continue to earn money or the accountant or the hospital consultant it's important that he has his tools of trade for example

    MW: Well, he may need an office, but he hardly needs a palatial house in South County Dublin

    JS: Believe me, the clients who we have on our books are insisting they continue to stay in their palatial houses, now, it's possible that some of them might have to down trade, but that all goes into the pot and at the end of the day the banks, the creditors have to agree to that process.


    Sickening


  • Registered Users, Registered Users 2, Paid Member Posts: 23,340 ✭✭✭✭dxhound2005


    I remember there was a great deal of support for the Kellys from Killiney when they were evicted from their 5 bedroom house. Including from those in the Occupy movement and CAHWT. Have times changed?


  • Closed Accounts Posts: 10,815 ✭✭✭✭Dord


    LaGlisse wrote: »
    Drivetime tonight with mary wilson , go to 1HR 21 mins 50 secs
    http://www.rte.ie/radio/radioplayer/rteradioweb.html#!rii=9%3A10195316%3A83%3A09%2D09%2D2013%3A

    One of the newly qualified Personal insolvency planners who will be negotiating with banks on behalf of busted gamblers says that " a professional (and he specifically mentions a solicitor) should be allowed keep a palatial house as this befits his/her standing in society and sends out the signal to neighbours and clients about who they are, thus allowing them to continue to earn a living.
    They need a bigger house than a PAYE worker.
    Really, said Mary Wilson, even if they are insolvent.
    Yes said Jim...the bigger house is in line with their standing in society and he will argue this point with the insolvency board as being a totally legitimate viewpoint."
    Saw this on propertypin
    words fail me
    Unleash Hell

    All animals are equal, but some are more equal than others. :(


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  • Closed Accounts Posts: 3,465 ✭✭✭Sir Humphrey Appleby


    Wow but what a change of tune from Jim Stafford.
    He wasn't that understanding when he was routinely acting as the official liquidator for the self same banks!:mad:


  • Registered Users, Registered Users 2 Posts: 21,886 ✭✭✭✭Roger_007


    LaGlisse wrote: »
    from politics.ie : transcript of the relevant portion of the interview

    Mary Wilson (reading a listener email): What happens to my home if I enter into a PIA?

    Jim Stafford: Well, under the legislation the PIP is to try and keep the family in their family home if at all possible. The PIP will have to assess the existing mortgage on the family home, if it's a modest house, if it's a trophy house.

    In practice, the PIP will also have to assess the type of house that might be needed for a professional person such as a solicitor, accountant or a hospital consultant as opposed to a house that's needed by someone who is in the PAYE sector for example, so that, as a PIP, I would be making a very strong case, for example, that a solicitor should have a bigger house that accords with his professional status in society so that his neighbours and clients can see that, yes, this person is a good solicitor who's is living in a good house etc. etc.

    MW: Really?

    JS: Absolutely. The same as for hospital consultants, people like that

    MW: Despite the fact that he's insolvent?

    JS: Despite the fact that he's insolvent, because remember, if we want the solicitor to continue to earn money or the accountant or the hospital consultant it's important that he has his tools of trade for example

    MW: Well, he may need an office, but he hardly needs a palatial house in South County Dublin

    JS: Believe me, the clients who we have on our books are insisting they continue to stay in their palatial houses, now, it's possible that some of them might have to down trade, but that all goes into the pot and at the end of the day the banks, the creditors have to agree to that process.

    Sickening
    I have just finished fixing the hole in the floor where my jaw hit it after I read this. :mad:


  • Banned (with Prison Access) Posts: 7,771 ✭✭✭michael999999


    woodoo wrote: »
    That's quite a scary viewpoint for someone in his position. We really do have some loopers in this country.. and the worst part of it is they are often in high places.

    What's even scarier is these same loopers were probably the same people telling folk to invest in more property in the bertie fraud that was the celtic tiger!


  • Registered Users, Registered Users 2 Posts: 9,251 ✭✭✭Ray Palmer


    Does nobody see the point being made?

    I am not saying I agree but I can kind of see the point.


  • Registered Users, Registered Users 2 Posts: 4,122 ✭✭✭BeerWolf


    The elite remain the elite while they sit on the backs of the common folk.


  • Closed Accounts Posts: 853 ✭✭✭Pappa Charlie


    It seems like we have just set up a quango to protect the mighty who have fallen!


  • Registered Users, Registered Users 2 Posts: 9,251 ✭✭✭Ray Palmer


    BeerWolf wrote: »
    The elite remain the elite while they sit on the backs of the common folk.

    Anybody getting debit forgiveness is having it paid by tax payers. The people who pay the most tax still remain to be the higher paid. So it is really not off the common folk. That is just the reality


  • Closed Accounts Posts: 7,478 ✭✭✭wexie


    Ray Palmer wrote: »
    Does nobody see the point being made?

    I am not saying I agree but I can kind of see the point.

    What point would that be?

    Personally if I was looking for a sollicitor I'd quite like to know whether or not he'd been declared bankrupt and not be fooled by him still living in a big house.

    And where do you draw the line? Should he get to keep his Jag and his Rolex as well? What about the private school for the kids? Couldn't be having people thinking he can't afford the private school anymore now could we?

    What about the holidays, should he still get to go on holidays? Gotta keep up the front after all :rolleyes:


  • Registered Users, Registered Users 2 Posts: 7,955 ✭✭✭munchkin_utd


    Ray Palmer wrote: »
    Does nobody see the point being made?

    I am not saying I agree but I can kind of see the point.
    yup, if its an "investment" in the person to allow them to repay their loans, then it can be logically explained.

    I'd still have it only as an interim arrangement with the house down for automatic repossession 5years down the line should they not be keeping up payments.


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  • Closed Accounts Posts: 7,478 ✭✭✭wexie


    yup, if its an "investment" in the person to allow them to repay their loans, then it can be logically explained.



    errr....no it can't....

    explained....maybe
    logically explained.....not by any standard of logic I've ever heard of.


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