Legal Fees (Assorted Topics)

Ah NAVRAT .........6.8 Here we go again

Funny how we are not the only ones to have cried "conflict of interest"

“But we strongly dispute all the allegations,” lol

For those tired of talking about fees, here is some fun/interesting reading about MC. Enjoy

http://thechronicleherald.ca/business/27576-advanced-glazing-sues-halifax-law-firm-mcinnes-cooper

I love the deal, Where is the old Navrat, I would like permission to continue using his call sign, I love his posts!

wow red you almoast got all the worst case senarios lol.one you forgot was if you are just applying for cppd ,depending on the timing,and if you get retro from that.you will pay legal fees on your retro and not be reimbursed when sissip claws back your cppd retro.

propat

Bankruptcy should have to pay back in the year they were bankrupt. Now a days young people use this as a get out of jail card. As taxpayer I am sick of it, I pay my bills from small cf pension, CPPD and vac . Two year sisip retro but believe deal is ok, not great

Hey Guest,

Just to add fuel to your fire. If you are on CPPD or about to get CPPD SISIP will CLAW BACK the Gross amount that CPPD paid you, not the net (or in your bank amount). So your $9641 left over will be stripped from you to pay back SISIP.

There is no win win in this situation. Plus for all those paying child support your child support will go up and you most likely will have to pay RETRO child support from the remainder of your settlement IF there is much left over anyway.

The only real good thing to come out of this is IF and only IF you are going to get future payments from SISIP, oh wait hold on there, if you are on CPPD then SISIP will take that back dollar for dollar, so you are not ahead anyway.

But hey like the lawyers said this is heck of a good deal.

ps..

Don't forget if you claimed bankruptcy.... you will have to pay that back also. For some this is a going broke and in a further going in debt situation. Yep, its a good deal.

1993firebird exactly your words "going to take 15% from everyones retro" they are not taking anything from anyone forward only 15% from everyone retro

I know all that , Peter himself said 7.5% on retro and 7.5% on going forward payments but instead of waiting for each amount taken from going forward payments they are just going to take 15% from everyones retro but no everyone has going forward payments.

1993firebird...............it is fairly simple

Everyone who is getting ANY type of retro will pay 17.83% legal fee if this percentage is accepted by the judge on the 14/15th feb.

NO ONE pays legal fees on any payments going forward.

The 7.5% + 7.5% is just mubo jumbo double talk which is NOT even being asked for, it was just a hypothetical what if, meaning if the legal firm was to ask for a percentage of going forward payments that is how they would have calculated it BUT they are NOT asking for payment in that manner hence your calculations are incorrect

This is how the want their money paid to them

Total retro: $434,280,430 (+/-) x 15% fees = $65,142,064.5

plus they also want an additional 2.83% for hst and disbursements

You still do not get it. The law firm is asking for 7.5% legal fees not 17.83% but they are combining 7.5% on retro and 7.5% on future payments plus 2.83% and taking it from eveyones retro pay. So those who are not getting future payments are being charged an extra 7.5%.

Firebird the 24 month sisip clients will pay 17.83 in advance to McInnes Cooper (EVERYONE I KNOW PAYS 17.83 IN ADVANCE)
IE:
MY TAXES FOR 2013:

1000 per month X 24 Month = $24000.00
legal fees- 17.83%----------------$4279.00
Taxes ------42.01%---------------$10080.00
Total --------59.84%---------------$9641.00

If we are allow to deducted the legal fees that will balance out the Deemed taxed Calculation

NO ONE BE UNDER ANY ILLUSION YOUR ABOUT TO SCREWED OUT OF 60% OF THE MONEY YOU ARE ENTITLED TOO!

ENJOY THE WINE AND CHEESE CELEBRATIONS ON 14TH FEB -SMILE AND SAY THANK YOU DENNIS HERE IS YOUR CHEQUE FOR $50,000,THANK YOU PETER HERE IS YOUR CHEQUE FOR $ 65,000,000.00 (PAID DIRECTLY OUT OF THE POCKETS OF DISABLED VETERANS)
STRANGE AS IT MAY SEEM I AM ENJOYING BEING SCREWED 100% OF ZERO IS STILL 0....

Finally you people get what I said weeks ago about 24 month only people paying 7.5% on future payments that they will never receive.

Hard ass,

he cant its our turn. Im sure in the back room he has said something but his position is on paper all along he has to stay the course now we have to finish it.