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Bankrupt

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(@sparky1)
Reputable Member
Joined: 12 years ago
Posts: 277
Topic starter  

Rewinding back three years when I was advised that if my trust deed failed to become protected that my IP would run my bankruptcy. I was told my agreed sum of ยฃ169 x 36 would probably be reduced and I would pay less in bankruptcy as my agreed outings would just be put up. Is this the way it goes?, obviously I'm not mentioning any names but is this common practice?


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
 

Not as far as I'm aware sparky1.

Did you really have to stretch your finances to make sufficient contributions for a trust deed to be agreed by your creditors?

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


   
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