Hi
Well my 5 week waiting period was over last Friday! Thankfully Trustee has told me that a creditors meeting was held and no objections were received and that paperwork would be off to AIB in next few days.
I forgot to ask my trustee what the Creditors Meeting actually entailed. Was it a meeting with representatives of my creditors or simply a trustee meeting in relation to any creditor objections?
I was wondering if anyone could shed light on this for me.
Thanks
Derek
Hi Derek
It is really unusual for a creditors meeting to be called in a Trust Deed as there is no requirement for one. Even if one was held, noone ever turns up.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Sorry I meant to say, it is generally to hand out the statement of affairs and discuss the case then vote to have it accepted.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Why doesn't the debtor get invited to show up.....? Not saying I would have either :o)
Thanks Mark
Now that the paperwork will shortly be off to AIB, are there any circumstances where they would refuse to protect the trust deed? Or is it more a case of simply rubber stamping it?
Counting the days til i see it protected in the ROI!
Hi Derek
If it has been agreed by the required number etc and the Trustee has followed all of the requirements, then it should be recorded without any fuss.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Thanks Mark, thats certainly a relief to hear.
When there is no reply received from a creditor, i take it that this would be viewed as agreement by Trustee/AIB?
Derek
Hi Derek
Yes, it's an acceptance by default if there is no response.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.