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bonus

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(@sam21)
Trusted Member
Joined: 15 years ago
Posts: 67
Topic starter  

Hi All,
I am receiving a bonus of ?ú2500 for being with my company for 10 years, I am currently in a trust deed for the last 7 months, please tell me what is the absolute worse that can happen to me if I don't declare it but get found out?


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

Hi Sam21

I think your question ( from previous posts) is that you received a substantial bonus before, spent it and failed to declare it and are about to recieve another one and don't intend to declare it, so what's the worst they can do.

I think your question is inappropriate for the forum and think this is a matter between you and your trustee.

Mark

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


   
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Julie Heaton
(@julie-heaton)
Estimable Member
Joined: 16 years ago
Posts: 246
 

Hi Sam21

If you continue to fail to declare bonuses, the Trustee could refuse to grant your discharge.

Julie

Julie is not currently posting 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
 

Hi sam21,

Just to add to Mark and Julie's comments I absolutely think you should properly notify your Trustee of this bonus.

Your creditors have agreed to write-off any debt you cannot repay only in return for you paying what you can afford. To do otherwise appears to be entirely inappropriate.

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


   
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(@sam21)
Trusted Member
Joined: 15 years ago
Posts: 67
Topic starter  

Thankyou for all your comments, this question was based on a friend who is looking at receiving a bonus. I told my trustee about my bonus and we came to an arrangement that I pay half back. Thanks anyway


   
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(@sam21)
Trusted Member
Joined: 15 years ago
Posts: 67
Topic starter  

P.S, If I was receiving another bonus, I would not be in a trust deed.


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

Hi sam21,

Thanks for clearing that up.

It's good to hear you were able to resolve the previous situation as well.

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


   
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