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Scottish Trust Deed Forum
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Topic starter
22/05/2013 1:25 pm
Got a letter from trustee today stating - "I write to advise you that I have adjudicated on the claims submitted in the trust deed. I enclose a summary of the claims submitted and my adjudications thereon. Should you wish to appeal against my adjudication you must do so in writing within 14 days providing full details. I enclose details of the adjudicated claims for your information"
Attached to it is a list of my husbands creditors and the original amounts. Above them it says "unsecured creditor claims agreed". On the next page there are two other creditors and amounts but above them it says "rejected claims".
Can anyone tell me what an earth on of this actually means please?
Thanks
22/05/2013 1:35 pm
It's a copy of a letter sent to creditors. Detailing the claims which have been accepted or rejected and therefore the level of dividend they will be receiving.
Creditors are required to lodge claims in the Trust Deed and provide sufficient evidence of the level of money owed to them as at the date the Trust Deed was signed. Rejected claims will be those who failed to provide such evidence.
Failure of a creditor to provide a claim or evidence will not effect the Trust deed outcome and the debt will still be written off.
Topic starter
22/05/2013 1:56 pm
Oh ok I get it thanks alot for the info, we are already 3 1/2yrs in lol
22/05/2013 8:20 pm
I think there was a post earlier on terminology and things looking more complicated than they are. This is a good example.
It just means, creditors claims have come in and have been accepted. Here's a list.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
23/05/2013 11:21 pm
Wasn't there a campaign for plain english at one time?[B)]
What about a campaign for frugal word use. Why say it four times when once would do?[:)]
It's like when toddlers learn a new word then apply it to every sentence!!
