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Bankrupt

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(@graham)
Trusted Member
Joined: 14 years ago
Posts: 52
Topic starter  

Going into my last year of being Bankrupt, there was a change in my wages again losing more money, eventually contacted my trustee who said you cant afford the payments anymore so I was told to cancel standing order. I have equity on my property which I have to start paying at he end of October, which I have to prove how Iam going to pay it back, so my mother is going to pay the monthly payments for 2yrs rather than having to sell my house, Thanks Mum don't know what I would without you.


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi graham

the bank of Mum & Dad is the one we all fall back to. I think we've all been there.

If the payments from your Mum will be equity payments, it may be an idea ( with the agreement of the trustee) to start these ASAP. That way it all end earlier.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Lucky you graham.

It must be great to have family who are prepared to step in and assist you like this.

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


   
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(@graham)
Trusted Member
Joined: 14 years ago
Posts: 52
Topic starter  

Have to put everything in writing , hoping to get the payments started very soon


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

Well done mum for coming to the rescue!

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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