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Scottish Trust Deed Forum
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Topic starter
13/02/2017 8:37 pm
hi I am looking for advice about my partners trust deed if anyone could give me any information it would be much appreciated....my partner made his final payment to his trust deed on the 3/12/2016,he has not received his discharge papers yet even although he has been chasing this up with the company..he wants to apply for a loan for a new car with me as guarantor....if he is accepted for the loan and deposits it in his bank account will this flag up with his trust-deed company/bank??can they take this money even though he made his last payment 3 months ago?we have checked the registar of insolvencies and there is no information about a discharge date as of yet...any information would be great thanks m..
14/02/2017 9:05 am
Hi mariag.
I'm not sure that the proceeds of a loan would be considered to be a windfall. However, I'd still suggest talking it through with his trustee in advance just to be sure it's not going to cause any confusion or problems later.
A separate issue is perhaps whether a lender will be prepared to lend while he remains undischarged.
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