Hello Desperatetimes.

Both of these creditors have acceptance criteria of which your trust deed company is well aware.

So long as they have been met I'm sure everything will proceed as you hope. I do hope that the next week passes without too much worry for you.

Thanks TDA - after the chat on the other thread about whether you were a robot or not lol, I think you should set yourself up like the STIG x

None of the usual mainstream creditors are anti-TD as a rule, your two included - though some of them look for a higher return than others but that's all.

From my own experience, the only creditors that are "anti-trust deed" are pay day loan companies and some smaller local lenders such as credit unions. However, I would imagine they rarely have enough perentage of total debt for the Trust Deed to fail.

With Santander & HSBC as main creditors from the sounds of it, you should hopefully be ok.

BV

Welcome to the forum baronv.

You make an interesting observation.

Awareness of trust deeds doesn't run at high levels amongst smaller and newer creditors. They simply don't have the experience of dealing with many such cases nor do they necessarily understand the benefits to them of a trust deed. For example, hundreds of "payday loan" or "payday advance" companies have sprung up in the past couple of years as new entrepreneurs seek to profit from bank reluctance to lend and increasingly harsh household finances.

As you say, they'll rarely be in a position to influence the outcome of a trust deed becoming a protected trust deed as most debts (and the larger debts) tend to be with larger bank or credit card creditors.

These larger creditors fully understand the trust deed process, deal with hundreds or thousands of them every year and know the benefits of the process for all parties where the circumstances are appropriate.

Thank you for your replies guys, only 5 days to go!