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Topic starter
18/03/2019 1:24 pm
Hi there wondering if anyone can answer my question,spoke to Kevin about a month ago my valuation for my car was £5400 and I know any car valued at £3k and below is excluded from an asset side of things.when I go down the trust deed route I will have an option of an extension or pay up front the £2400,my question is if i were to get the £2400 and during the trust deed process I sell it to get a smaller car do i keep the money from the sale or do i have to give some of it towards the trust deed.thanks
18/03/2019 1:49 pm
Hi Billyboy1.
I'm sure Kevin will want to answer this question, in respect of how his firm would view this, when he's next here.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
18/03/2019 1:56 pm
Ok thanks tda I emailed Kevin earlier but when I dident see him posting I thought he might be on holiday.thanks anyway.
18/03/2019 1:57 pm
Hi Billyboy1.
I'm not aware that he's on holiday. Hopefully he'll get back to you very soon.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
18/03/2019 8:55 pm
H Billyboy1.
Unfortunately I'm not on holiday 🙁
If the trustee's interest has been bought out by a third party at the outset then he would have no further interest in any funds resulting from a subsequent sale of the car.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
18/03/2019 9:43 pm
Hi Kevin thanks for getting back to me.ok that's great will need to get in touch soon and start the trust deed process. Thanks.
