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RE: Salary increase Missold
By NewGuy, 1 week ago |
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| @paulp I'm pretty sure they did not mention on the call that 100% of my full disposable income will be required. I dont see it on the paperwork also. Its says "The client only makes one affordable mon... | ||
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RE: Salary increase Missold
By Nick Smith, 2 weeks ago |
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| Hi NewGuy, Not all Trust Deed providers are regulated by the FCA (this is not a requirement, as their Insolvency licence provides sufficient authority. This is only required if they also offer DAS). A... | ||
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RE: Early Repayment
By Nick Smith, 2 weeks ago |
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| Hi Qwerty, The only way to "repay" a Trust Deed early is to pay the full balance of the debts at the date of granting, plus statutory interest and the costs of the process. Contributions are not a fix... | ||
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RE: Early Repayment
By paulp, 2 weeks ago |
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| any thoughts @nm89 ? | ||
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RE: Salary increase Missold
By paulp, 2 weeks ago |
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| @newguy I'd bet the majority of what you're paying is going towards the fees of the IP. You should look for your advice letter, and if you can't find one, ask your IP firm to provide a copy of it. The... | ||
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RE: Salary increase Missold
By NewGuy, 2 weeks ago |
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| it was £28k | ||
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RE: Salary increase Missold
By paulp, 2 weeks ago |
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| Hi NewGuy, Welcome to the forum! You're right, insofar as all options should be considered and clearly outlined to you. You would normally receive some sort of advice document confirming what has been... | ||
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Salary increase Missold
By NewGuy, 2 weeks ago |
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| Hi, On a trust deed, my salary has increased so now paying a lot more per month now. I feel I was misled when signing up to the trust deed I was not made aware that this would be the case, that... | ||
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RE: Early Repayment
By paulp, 3 weeks ago |
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| hi qwerty12345, Welcome to the forum! In response to your question, i've seen it treated in all sorts of ways over the years, depending on the specifics of the trust deed and who the IP is. Hopefully ... | ||
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Early Repayment
By qwerty12345, 3 weeks ago |
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| Good morning all! Hoping to get some clarification on early repayment. If I were to receive a bonus from work, that covered all future contributions, would that be sufficient to end the trust deed or ... | ||
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RE: Help please ...
By bpacker, 3 weeks ago |
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| Hi Peter, I was in a similar kind of situation, so just sharing what I found. It’s usually not a big issue if the bills are in your wife’s name. As long as you can show regular transfers to her from y... | ||
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RE: Child Maintenance Service Arrears - Direct Pay
By Nick Smith, 3 weeks ago |
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| Hi Bilko, That's frustrating! Without wanting to get too legislation heavy, the section to cite to your employer is 173(2) and 173(4) of the Bankruptcy (Scotland) Act 2016. They should be taking it mu... | ||
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RE: Child Maintenance Service Arrears - Direct Pay
By Bilko1989, 4 weeks ago |
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| Hi Nick, I appreciate your reply. I now have a new issue, the CMS have updated my calculations and they do not include the arrears anymore so I'm now Direct Pay at my ongoing Child Maint... | ||
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RE: Child Maintenance Service Arrears - Direct Pay
By Nick Smith, 4 weeks ago |
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| Hi Bilko, Arrears of child maintenance which pre-date the date of signing the Trust Deed, are a provable debt and are discharged upon completion of the Trust Deed. This means they should not be includ... | ||