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will_
4,040 posts
72 months
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mambolambo said: will_ said: Well, that's not what you said:
"Solictors are a bunch of crooks who charge up to 600 pounds an hour for pushing paper around. Seriously who deserves that sort of money".
So, what do you do to "deserve" enough money to buy a lambo? I think I clarified what I meant above. You distinguished between liquidators and solicitors in your first post so your clarification didn't add anything. The fact is you called solicitors "a bunch of crooks" (without qualification or distinction). Given that you received some very good advice, probably from lawyers, and certainly for free, in the Verdi thread, it is somewhat offensive to label legal professionals as "crooks". And you clearly don't want to answer my question. Anyway, next time you need a contract drafted, buy a house, have a dispute, or employ or fire someone, good luck with doing the legal work yourself, or with your £50/hour outsourced off-shore advisors.
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mambolambo
94 posts
32 months
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will_ said: You distinguished between liquidators and solicitors in your first post so your clarification didn't add anything.
The fact is you called solicitors "a bunch of crooks" (without qualification or distinction).
Given that you received some very good advice, probably from lawyers, and certainly for free, in the Verdi thread, it is somewhat offensive to label legal professionals as "crooks".
And you clearly don't want to answer my question.
Anyway, next time you need a contract drafted, buy a house, have a dispute, or employ or fire someone, good luck with doing the legal work yourself, or with your £50/hour outsourced off-shore advisors. http://www.guardian.co.uk/law/2011/oct/06/solicitors-overcharging-regulation
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will_
4,040 posts
72 months
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mambolambo said: will_ said: You distinguished between liquidators and solicitors in your first post so your clarification didn't add anything.
The fact is you called solicitors "a bunch of crooks" (without qualification or distinction).
Given that you received some very good advice, probably from lawyers, and certainly for free, in the Verdi thread, it is somewhat offensive to label legal professionals as "crooks".
And you clearly don't want to answer my question.
Anyway, next time you need a contract drafted, buy a house, have a dispute, or employ or fire someone, good luck with doing the legal work yourself, or with your £50/hour outsourced off-shore advisors. http://www.guardian.co.uk/law/2011/oct/06/solicitors-overcharging-regulation ...which refers to "instances" and "some" examples of overchaging. That is hardly surprising, is it, given the size of the industry? And includes this interesting fact: "There are more than 156,000 solicitors in England and Wales, a figure that continues to rise. Not all of them are practicing - last year 79 were struck off for various aspects of professional misconduct." A whole 79! Yep, bunch of crooks. Or not. Anyway, clearly you have a bee in your bonnet about other people's charges, whilst being unwilling to explain what you do. I presume that you charge far more for whatever it is you do than just enough to make a "decent living" but begrudge others who do the same. It is truly regrettable that you have had a bad experience, and by all means be angry about it, but don't tarr everyone with the same brush, particuarly as you clearly do not have any idea about the business.
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mambolambo
94 posts
32 months
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Maybe slightly unfair but I reckon many a solicitor take advantage of the ignorance of their clients predicament. When you are on 300 an hour it is easy to pop 5 hours or so. Actually used a solictor in court today, 350 GBP + VAT to throw out a tennant. ( Yes I do something in property Will) Check this out, I totally agree http://pistonheads.co.uk/GASSING/topic.asp?h=0&...In my recent case 25k in the bank, 30k in liquidators fees, cough, cough..
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NightRunner
4,257 posts
63 months
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mybrainhurts
71,633 posts
124 months
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mambolambo said: Maybe slightly unfair but I reckon many a solicitor take advantage of the ignorance of their clients predicament. When you are on 300 an hour it is easy to pop 5 hours or so. Actually used a solictor in court today, 350 GBP + VAT to throw out a tennant. ( Yes I do something in property Will) Check this out, I totally agree http://pistonheads.co.uk/GASSING/topic.asp?h=0&...In my recent case 25k in the bank, 30k in liquidators fees, cough, cough.. I'll echo that. £2.5 million in compensation to me and my associates, covering only our liabilities to our creditors, and £2.5 million to the lawyers for the paper shuffling exercise and a spot of negotiation. And don't get me going on the divorce lawyer/judge who lied in an affidavit to freeze my bank account and gave my ex advice to defraud Customs and Revenue. My eyes were rudely opened a long time ago.
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MartinTorque
373 posts
64 months
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I think something worth noting in the article is that his house was 'partially mortgaged by a sub prime lender' which for me says this guy has been living beyond his means for a long time. Probably had to go sub prime because he defaulted on other loans in the past - i.e. doesnt give a toss!
People being lent what they cant afford is my understanding of where the 'credit crunch' started.
Still it doesnt sound like he is going to need to worry about paying for accomodation for the next 15 years or so....
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AJSG
302 posts
56 months
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MartinTorque said: People being lent what they cant afford is my understanding of where the 'credit crunch' started. People "borrowing" what they cannot afford is the problem...people not taking responsability for themselves is the problem...not being "lent" what they cannot afford....that is the lender's commercial decision.
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MartinTorque
373 posts
64 months
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AJSG said: People "borrowing" what they cannot afford is the problem...people not taking responsability for themselves is the problem...not being "lent" what they cannot afford....that is the lender's commercial decision. A bank should have a better idea of what someone can afford than the man who thinks that 'another 150 a month' wont be a problem. Thats what underwriters are paid to do. Otherwise a mortgage form would be a simple case of 'how much do you want' and 'do you think you will be ok paying it back?'
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Shnozz
15,668 posts
140 months
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AJSG said: will_ said: There's nothing as expensive as cheap legal advice. Not even close...I have had bad advice across the scale. I still receive documents from one of the City most prominent legal firm which I have to correct and send back...and I'm not talking about spelling, am talking about international regulatory issues. When we structured the last fund we had 6 firms put forward proposals, every single one had huge holes and refered to incorrect regulation. Ultimately the only person who cares enough to give you good advice is yourself, never rely on solicitors/lawyers. You only appoint them for process. As it happens, I hold the same view of investment/fund managers...
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AJSG
302 posts
56 months
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MartinTorque said: Otherwise a mortgage form would be a simple case of 'how much do you want' and 'do you think you will be ok paying it back?' Self Certified Mortgages? IFAs that tutor the clients on what to put down? Ultimately its the payers responsability, unfortunetely the previous government made bankrupcy laws simple too easy...there is no punishment for going bankrupt and it is simply too easy to fudge. Its infuriating to see how easy it is for these "salt of the earth" non-taxpaying trades to get away with such banditry...I would ban all cash transactions above GBP 100, and make all bank transfers reportable to HMRC.
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MrFreight
106 posts
18 months
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At the end of the day people we've all met/had contact with/seen the type of person this "Builder" is - Crikey the TV is full of this type of Character be it Documentary subject or Mini Series/Film. He is someone who would "live the life" with sod all thoughts for anyone but himself - they live from day to day on dodgy deal after dodgy deal - I want I want I want and to make myself look the big "I AM" I'll get it any way I can !
Had a "Builder" live opposite me at a previous address - Large Detached House/Nice Vehicles/Helicopter - been bust several times (Buy Building materials as one firm - salt them away - go bust - start again - use the hidden materials - BINGO Free materials for your next job and so on and so on ...)
You also have to marry the above with the mentaility of a man who will go after someone with a shotgun - insane !!!
Hope he gets his just reward and that the injured man makes a recovery.
Rant over (Had a bad morning!!)
MF
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AJSG
302 posts
56 months
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MrFreight said: Had a "Builder" live opposite me at a previous address - Large Detached House/Nice Vehicles/Helicopter - been bust several times (Buy Building materials as one firm - salt them away - go bust - start again - use the hidden materials - BINGO Free materials for your next job and so on and so on ...) Shocking...it should be simple... Bloke goes into a car dealer, wants to pay 50k for a car. Dealer logs into the HMRC site with his dealer details. Puts the persons passport details in and the cost of the car...HMRC sees that considering his tax payments infer an income of 24k a year so declines the purchase. Person appeals and has to justify how he has 50k of disposable income despite being on 24k a year. Job done.
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Trommel
10,516 posts
128 months
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AJSG said: Bloke goes into a car dealer, wants to pay 50k for a car. Dealer logs into the HMRC site with his dealer details. Puts the persons passport details in and the cost of the car...HMRC sees that considering his tax payments infer an income of 24k a year so declines the purchase.
Person appeals and has to justify how he has 50k of disposable income despite being on 24k a year. Job done. What a ridiculous idea.
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TIGA84
3,244 posts
100 months
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AJSG said: Shocking...it should be simple...
Bloke goes into a car dealer, wants to pay 50k for a car. Dealer logs into the HMRC site with his dealer details. Puts the persons passport details in and the cost of the car...HMRC sees that considering his tax payments infer an income of 24k a year so declines the purchase.
Person appeals and has to justify how he has 50k of disposable income despite being on 24k a year. Job done. I'd maybe think that though again and apply some real world logic to it, rather than the context of the thread.
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pistolp
779 posts
91 months
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Do some people just come on here for a place to let off steam or pick a fight? Honestly it's supposed to be for car enthusiasts not frustrated keyboard warriors looking to be 'always right about everything' FFS
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AJSG
302 posts
56 months
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TIGA84 said: I'd maybe think that though again and apply some real world logic to it, rather than the context of the thread. Why, its incredibly easy to do. According to UK law you are taxed here on your gains anywhere they may have occured. Consequently the tax you paid in previous years should be a fair reflection of your earnings...if it isn't you are evading tax.
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MartinTorque
373 posts
64 months
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AJSG said: Why, its incredibly easy to do. According to UK law you are taxed here on your gains anywhere they may have occured. Consequently the tax you paid in previous years should be a fair reflection of your earnings...if it isn't you are evading tax. And dividends?
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crostonian
1,190 posts
41 months
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Would you like to live in the USSR circa 1970?
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AJSG
302 posts
56 months
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MartinTorque said: And dividends? They are part of your tax return, as is tax on interest from savings accounts...it cannot be that complicated to have an educated estimates of disposable income. In fact there is an agency that has been doing this since 1968. The Office for National Statistics.
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