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Scottish Trust Deed Forum
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Topic starter
28/05/2011 2:03 pm
i have recived a debtor application form and im a little confused, if i go bankrupt should i change banks? and what is a insolvency practioner do i need one? Will it affect my benifits if i get accepted?
28/05/2011 2:54 pm
Hi tracey.
From what source has the debtor application pack come?
An insolvency practitioner is the individual responsible for handling a trust deed or bankruptcy. They're often referred to here as the "Trustee".
Changing bank accounts will be necessary if you owe money to your current bank.
I cannot see any reason why your benefit income would change.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
29/05/2011 10:27 pm
You do not need an insolvency practitioner, Tracey, though can choose to nominate one to be your trustee if you wish. If you do not then the Accountant in Bankruptcy becomes your trustee by default.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
