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Scottish Trust Deed Forum
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Topic starter
16/08/2012 1:16 pm
Did alot of calling around yesterday trying to get
A figure that would be suitable for my creditors
With the debt amount I have
Told yesterday by one £11,500 would be min accepted
This morning other company ( recommended by CAB . Not with
A city centre address)
Said £9,500 would be accepted.
Minefield right enough.
16/08/2012 1:21 pm
You mentioned in your initial post that you had £14k to use as a settlement figure. The figure to pay creditors is therefore £14k.
I would be surprised if an IP firm said to pay them £9,500 and you keep £4,500 for yourself.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
16/08/2012 1:59 pm
Thanks Mark
I originally had 14k but that is presently propping
Up my job seekers just to get through the months.
I have to use it for essentials. No choice.
The two different IP's I asked only had the debt figure.
2k difference is quite something.
I was also unaware a Third party could pay your
Monthly TD for you. Never knew that.
22/08/2012 1:51 pm
Have you thought of Sequestration, it may be even cheaper for you?
Shona is not currently posting in the Trust-Deed.co.uk forum.
23/08/2012 1:35 pm
Have you thought of asking the creditors if they would accept a figure as a full and final settlement for discharge of the debts. It may be worth looking into before doing anything with a formal resolution such as Trust Deed/Sequestration.
Chris is not currently posting in the Trust-Deed.co.uk forum.
