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Scottish Trust Deed Forum
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Topic starter
16/11/2011 10:48 pm
Hi
This is my first visit to the site and it seems very supportive.
I am in the process of trying to set up a TD. The papers are with the IP for him to approve, if that is the right word, before taking it to the creditors.
I have now received court papers from one of my creditors. Do I know have to deal with this separately.
I'm very confused. I don't know whether this will proceed now separately and I have to deal with this on it's own, or whether it will be included in TD. It is on the list.
My credit has been good till now but self employed and I have got myself into bother with the Inland Revenue who are steadfastly refusing to allow me time to pay.
I wonder if I should just keep paying my bills, and allow Inland Revenue to take me to court and perhaps the judge there will allow me time to pay.
My TD person is always very busy and goes over everything so quickly I just don't know where I am.
Any advice would be very much appreciated, thank you 🙂
17/11/2011 9:22 am
Welcome to the trust deed forum mtm0066.
Have you signed your trust deed?
Please inform your trust deed firm about these Court papers as soon as possible. It may mean that it has just become more important that the trust deed process keeps moving forward as quickly as possible from here.
I'd also say that you should insist on your contact taking whatever time it takes to ensure you understand exactly what you are doing, what stage you are currently at, and whether they see these legal documents as being cause for concern.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
17/11/2011 2:13 pm
What do the court papers say, mtm0066? Is it a writ seeking payment of money or is it a petition for sequestration?
If it is the former then as trust deed assistant says it really just means that your Insolvency Practitioner will have to get his skates on and process the trust deed, and maybe speak to HMRC so that they don't take any further action.
If it is a sequestration petition then this is likely to be more problematic I'm afraid, and it may be difficult to avoid having to go bankrupt instead.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
