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Scottish Trust Deed Forum
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Topic starter
14/12/2009 5:57 pm
hi,i am in a trust deed and was wanting to sell my car can i do this without contacting my trustee,there was no credit on the car so its not in trust deed.Would i need to pay money from sale to trustee i am looking to buy a smaller car with money thanks
15/12/2009 9:57 am
Hello stuartrae1,
Were you asked whether you had a vehicle by the company that set up the Trust Deed for you? This would be a pretty normal question during their factfinding to establish your assets.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
15/12/2009 1:36 pm
Hi Stuartrae1
Easiest answer is yes, you would require to notify the Trustee. This could be viewed as an asset and selling it may be be seen (worst case scenario) as disposal of an asset without the Trustee's agreement.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
15/12/2009 5:29 pm
hi thanks for your help.
