• Insolvent Professional people should be allowed to stay in homes in accordance with their status..

    Unbelievable stuff from a guy Jim Stafford earlier on RTE drivetime

    *** Listen Here ***

    At about 1.16 the most unbelievable conversation unfolds..
    According to this 'personal solvency practitioner' insolvent solicitors, accountants and hospital consultants in the PIP process should be allowed to stay in their trophy homes unlike PAYE sector people so that their status with their neighbours will not suffer...
    ''A solicitor should have a bigger house so that his neighbours and clients that can see that he is a good person''
    It is hard to know where to begin with this sort of snobbery and keeping up with the Jones.

    This is simply sickening.

    Who is this guy? If you were a greedy solicitor with a trophy home that you thought that you should be allowed to keep without having to pay the loan back do you think this snobbery and one-upmanship would get you anywhere in the republic that we live in in this year of 2013?

    Transcript thanks to H.R.Haldeman


    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.
    This article was originally published in forum thread: Insolvent Professional people should be allowed to stay in homes in accordance with their status.. started by birthday. You can leave a comment on this article by visiting the original post.