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Scottish Trust Deed Forum
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Topic starter
19/08/2013 12:26 pm
Hi Folks
I was a bit alarmed by an article on this newspaper's website concerning the firm I have my trust deed with.
There seems to be some dispute amongst its directors (sorry it's a bit selfish on my part) but I wondered how things would stand if the firm went into administration. I have five payments left, hopefully and the last couple of years have taken quite a bit of effort. I really wouldn't like to have to start again.
Any thoughts.
Regards to all.
Snowball
19/08/2013 1:15 pm
Hi snowball
Don't worry, all funds in trust deeds are placed in trust accounts and would not be included in any administration etc.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
19/08/2013 10:23 pm
I made my first payment last month to that company. What happens if it does go belly up? Will I have to find another company to administer my trust deed or would they pass it on to someone else to run? To say I'm a little anxious is an understatement
19/08/2013 11:03 pm
Welcome to the forum Gman84.
Try not to worry. The professional bodies involved will ensure continuity in terms of the progress of your case even if the worst happened.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
20/08/2013 8:48 am
The cases on a trust deed firms books would simply be passed on to another firm.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
