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Account audited??

 
Scottish Trust Deed Forum
Last Post by amorphous 15 years ago
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 amorphous
(@amorphous)
Trusted Member
Joined: 15 years ago
Posts: 96
Topic starter 12/11/2010 5:31 pm  

I have just opened a letter from my TDC to my creditors. It confirms that I am protected, and that my trustee has no intention of referring the matter to the Accountant in Bankrupcy.

It goes on to say that my creditors have the right to insist it is referred to the AIB if they require.

Is there any likelihood of this happening, and if so what does the process involve?


   
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TDA (Debt Adviser)
 TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
12/11/2010 9:20 pm  

Hi amorphous,

That's just standard terminology as far as I'm aware and I don't think you should be concerned at all.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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Mark McFadyen
 Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 17 years ago
Posts: 4798
13/11/2010 12:15 pm  

Hi amorphous

TDA is correct, it is standard and relates to fees being audited.

If a Trustee's fees look high, the creditors can have these audited by the AIB's office. Nothing unusual.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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 amorphous
(@amorphous)
Trusted Member
Joined: 15 years ago
Posts: 96
Topic starter 13/11/2010 1:42 pm  

thanks guys!


   
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