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RE: Bankruptcy
By Nick Smith, 2 days ago |
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| Hi MaterialGirl, Until the final payment has been made towards the equity agreement and the Trustee has filed a Form 15 with the Registers of Scotland, the bankrupt joint owner’s interest in the home ... | ||
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Bankruptcy
By materialgirl, 3 days ago |
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| Has anyone sold a house while still in bankruptcy in Scotland where there are two joint owners, but only one was bankrupt? Over 4 years into the bankruptcy. I’m looking for anyone with actual experie... | ||
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RE: Changing from director back to self employed
By holyon66, 5 days ago |
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| Been through something similar, director back to self-employed while still in a trust deed, and the decision itself was the easy part. What caught me out was the timing, my trustee cared far more abou... | ||
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RE: No longer employed - need advice
By Nick Smith, 5 days ago |
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| @holyon66 Individuals should be aware that granting a Trust Deed is a formal insolvency, which vests their estate in a Trustee for the benefit of creditors. The rules regarding benefit income only imp... | ||
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RE: No longer employed - need advice
By holyon66, 1 week ago |
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| Benefits generally can't be counted as income for trust deed payments, so that threat doesn't sound right. Worth getting proper advice from somewhere like Citizens Advice or a free debt charity before... | ||
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RE: When does bankruptcy come off your file?
By holyon66, 1 week ago |
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| Defaults usually drop off six years from when they were registered, not from discharge, so that timing can vary. If everything's gone from your file already, you're likely past the reporting window. | ||
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RE: Emergency
By holyon66, 1 week ago |
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| Better to ask now than to just miss a payment, trustees tend to be more flexible when you flag it in advance. Hope they sort something out quickly given the circumstances. | ||
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RE: Light at the end of the tunnel
By lizr, 2 weeks ago |
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| Apologies I should say my last payment was actually October 2024. | ||
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RE: Emergency
By Nick Smith, 2 weeks ago |
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| Hi Housi, Any decision regarding a payment break would be at the discretion of your Trustee, however in general terms a short payment break due to unforeseen expenditure or circumstances is fine. It's... | ||
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Emergency
By Housi, 2 weeks ago |
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| I have experienced a sudden family bereavement and need to travel abroad over the next couple of days to attend the funeral. Due to the unexpected cost of last-minute flights and my regular ongoing ex... | ||
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RE: Carrington Dean
By Nick Smith, 2 weeks ago |
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| Hi Andy, Firstly, sorry to hear about the problems you have been having. I have provided some additional info on the points raised, below: 1. Had to wait 12 months for first review This is not the cor... | ||
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Carrington Dean
By AndyShark, 2 weeks ago |
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| Afternoon, I entered a trust deed with Carrington Dean in January 2024 with it being active the following month, this was also at a time I was due to remortgage. when doing my initial budget th... | ||
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RE: Advice needed
By Nick Smith, 3 weeks ago |
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| Hi Housi, You should definitely disclose this to your Trustee as soon as possible. There is a material change to your financial circumstances. Had you spoken with the Trustee in advance, I imagine thi... | ||
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Advice needed
By Housi, 3 weeks ago |
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| Hi everyone, I am looking for some guidance from the experts/advisers on here before I contact my Trustee. I am currently 2.5 years (30 months) into a 4-year Scottish Protected Trust Deed and have m... | ||
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RE: When does bankruptcy come off your file?
By CIF, 4 weeks ago |
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| Hi Ali, The Trust Deed should drop off your credit file 6 years after date of signing it, not your discharge. The debts that were included in the Trust Deed should technically drop off on the same dat... | ||
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