More nonsense advice yet again. So you pay them £500 and the AIB instruct a valuation for them out of their own pocket. Or is it that you pay them £500 and the AIB take on the case and they get £500.

If your looking at sequestration speak to the AIB, if not speak with an IP. I can't really give any clearer advice (again) on this.

Mark

does your company handle sequestration

Hi annie.

Each of the firms represented here will take sequestration appointments but their client will need some surplus income (or sometimes assets that can be realised) to cover their fees.

If the surplus income or assets don't exist an application to the AIB can still be made.

The following page provides more information on this, and the potential advantages of handling things in this way:

https://www.trust-deed.co.uk/bankruptcy-sequestration.html

Let us know if you have any questions after reading the information there.

how much does a survey of yor home cost roughly reckon its valued at £125k

Full home report is less than £200 for a house up to £200,000. Try googling survey scotland,they have a price list.

Paul

Call 2 of your local surveyors and ask them what they'd charge for giving you a drive-by/asset valuation? Hopefully experts will correct my terminology but you don't need the AIB to organise that and you don't need to pay hundreds of pounds.

I think even a drive by will cost over £100.

Paul

There are 2 issues I think here. Firstly, the valuation would require to be carried out for the purposes of a Trust Deed/Sequestration which normally comes in lower than estate agent valuations and secondly, this would be carried out in hope that the AIB as Trustee or indeed an IP accept these valuations.

The sensible thing would be to speak with an Insolvency Firm direct, makle a plane on the best way forward and then if you are using the Insolvency firm, have them instruct their valuer before you sign anything. If the AIB is being appointed, then it is likely that the valuation is acceptable, but not guaranteed.

The house is singularly the most importent aspect and it is the critical part that needs to be dealt with properly.

Mark

Mark

that soom bod spooling Mark!!!

Please stay behind after class,or are you using a phone with a small keyboard?

Paul

Hi Paul

Jeez just noticed that. That will teach me to drive and text while drinking my coffee (and reading my paper)

PS Don't try this at home folks, otherwise you could makle a plane

PPS When I say home, I mean...............

Mark

lol

paul