Welcome Tdeed1. I'm sorry to hear about your father.

This is a complex subject potentially, and you may wish to read the expert comments on a previous similar question at;

https://forum.trust-deed.co.uk/forum/topic.asp?TOPIC_ID=2267

Can I suggest you have a read of this and let us know any questions that you have afterwards...

So what would happen if my creditors did not agree to discharge my asset, the house with a liferent attached. thanks for your reply

It would be good to hear from the other experts on this, but I think the worst case scenario is that discharge might be held up until you are in a position to realise the asset for the benefit of your creditors.

The house isnt your asset until the liferent agreement part ends,by which time the TD will be long done,I would have thought.

Paul

Thanks for both replies, I hope some experts do reply soon as im worried sick, if any of the experts do reply can you keep it easy for me to understand. I'm just worried that when my fathers house comes to me eventually (if ever) i wont get it, or would I be expected to realise equity on gaining the house when I get it. My trust deed is currtently set @ 3yrs to cover 15k of debt sigh..I have learned my lesson.

Hi Tdeed1.

I'm afraid that, based upon the previous thread I linked to, if title to the property has passed to you tour trustee cannot ignore the situation.