I have just paid my final payment towards my protected trust deed. Since I started my trust deed it has taken over five years for various valid reasons to make all my payments. I have two questions which I would like to have peoples thoughts on.
1. Some of my debts have been sold on to a company called Max Recovery. As they did not own the debts when I signed, are they bound to accept the terms of the trust deed or will they be able to chase me for more money once the trust deed dividend is paid out?
2. I am also concerned that given the length of time that it has taken to make my payments that the fees to my IP may take out a rather large sum from the final amount available to my creditors. If for example the amount was less than expected or god forbid none at all (ie all swallowed up by fees) what action if any could the creditors take? Would my trust deed be declared invalid? This worries me greatly.
Thanks in advance for any replies.