Notifications
Clear all

DISCHARGE

3 Posts
3 Users
0 Reactions
1,088 Views
 A.D.
(@d)
Trusted Member
Joined: 13 years ago
Posts: 67
Topic starter  

Hi again folks !
Further to recent posts about being fully discharged some time after the last TD payment is made,I know it can range from just a few weeks to a few months, but what is the procedure for that intervening time ? Is it continue as if you were still in the TD and declare any extra income as you would be expected to do during the term of the TD or does the fact that the final payment has been made absolve you of having to do so ?



   
Quote
TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
 

Hi A.D.

I'd say that in terms of income, provided that you have completed your contributions, any extra that you received afterwards would be yours.

It might potentially be different with lump sums received prior to discharge though.


Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
ReplyQuote
Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 17 years ago
Posts: 4253
 

I'd agree with Trust Deed Assistant here A.D. - you have met your obligations and the final short period is just for the completion of administrative tasks.


Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
ReplyQuote
Share: