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Scottish Trust Deed Forum
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Topic starter
08/03/2015 10:21 pm
Hi all
just a quick question if it's been asked before my apologies.
Could you receive your form 5 or be discharged by your trustee if you have completed all your obligations and paid your final 36th payment before your 3 year anniversary signing date, or must your trustee have to wait until the anniversary date before issuing form 5.
Many thanks
Topic starter
08/03/2015 10:23 pm
quote:
Originally posted by littlemo
[br]Hi all
just a quick question if it's been asked before my apologies.Could you receive your form 5 or be discharged by your trustee if you have completed all your obligations and paid your final 36th payment before your 3 year anniversary signing date, or must your trustee have to wait until the anniversary date before issuing form 5.
Just paid final payment but 4 weeks to go until anniversary date.
Many thanks
08/03/2015 11:01 pm
Hi littlemo.
For older trust deeds I think the trustee has discretion.
Some might wait to protect creditors from the risk of a lost windfall.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
08/03/2015 11:06 pm
I think it is likely they will wait until the anniversary if it is so close, littlemo. Just makes it more straightforward in terms of annual reporting.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
