Hi Debtnomore,

What an absolutely fantastic and extremely positive and encouraging post for everyone to read.

It’s a really difficult thing I think to accept that you are financially struggling and have to take steps to deal with this. As an advisor the most common question I think I’m asked is how will entering into any debt plan impact my credit rating and future life.

Posts like this from someone who has actually been through the process and come out the other side in a much more positive financial position should give people the confidence that a Trust Deed is just a small speed bump in the road. There is absolutely life after it. I think it’s a great way to hit the refresh button and start again.

It’s great to hear how you have moved on financially after the Trust Deed and are doing so well.

Thanks for coming back onto the forum to post an update to help other people who at in a similar position you found yourself in.

Thanks David. I just remember how much I relied upon this forum for support at each stage of the Trust Deed process. What I omitted to say is thank you to everyone who posts and to the experts who advise and support. There is no stupid question and I learned so much from reading everyone’s questions and the advice from the experts.

Hi Debtnomore.

Thank you for taking the time to post this and for sharing your experience with others.

Thank you also for your kind words about this site.

Very best wishes to you for the future.

Just wanted to check. I still have all my Trust Deed paperwork. Should I still keep it ?

Hi debtnomore, great post and one which I am sure will be hugely comforting for many reading it.

Good idea to hang on to proof of your discharge I'd say, just in case it is ever needed.

I'd keep the paperwork for the next couple of years "just in case". No harm in doing that.

Thank you. I will continue to keep it.

Hi,

Could someone please help as I am worried sick. My husband and I have been accepted for our Mortgage we have just signed the Missives and now I’ve been told we will have Bankruptcy checks done. I have never been Bankrupt but in April 2006 I entered into a PTD. This was discharged in 2009 and I received my discharge letter. I am now worried sick this shows up on the checks and the Mortgage is pulled. I didn’t disclose my TD to the Mortgage broker as this was discharged ten years ago. I have read some of the forums here that says the checks are to ensure you are not presently bankrupt or have been in the last 5 years. I have checked and I am no longer on the Insolvency register. Any help would be appreciated as I am worrying myself sick. I do not want to mention this to my solicitor as it may not show up on the check and I could be opening a can of worms.

Hi Burger2431 and welcome.

I very much doubt that a trust deed this old will stand in the way of your plans.

Mortgage lenders are entitled to ask questions about your historic credit status though. For example, some lenders might ask in an application form whether you have ever been bankrupt (whether or not it's still on your credit file). What they do with that information is up to them.

I do hope that this all proceeds smoothly for you.