Hi np785641d.

I think the firm will need to wait until four years have expired.

There will be some processes that they need to complete before being ready to discharge you. These need not take a long period of time (usually) but they're not under an obligation to complete this within a particular period of time.

If there's a particular reason why a prompt discharge is important to you, I cannot see any harm in making your trustee aware of this reason and requesting their assistance to make prompt progress.

Hi np785641d,

Well done on reaching this point in your Trust Deed. The end is now in sight for you.

How have you found the whole Trust Deed process?

In terms of your discharge, this will happens once you have made the final 48th payment and once the 4 year anniversary of your Trust Deed has passed by.

When you say registered I assume this is when your Trust Deed became protected. The point for discharge is the date you signed it i.e. 03/03/15.

Once you have made your final payment I think it normally takes 4-6 weeks for you to receive your discharge. You are best to keep on top of your Trustee to ensure that you receive this promptly. Inform them when you have made your final payment and ask when you can expect to receive your Form 5 Certificate of Discharge. I think most firms are pretty quick at discharging clients.

I’d also think about looking at your credit report to see how this looks around your discharge. I’d suggest trying to rebuild your credit report and ensure that any default dates are dated as close to the start of your Trust Deed as possible as they will fall off the report 6 years from the default date. A lot of good information from other users on the forum so have a wee look around for help on that.

This time next year you will hopefully have successfully completed your Trust Deed, have received your discharge and are on your way to rebuilding your credit file. An excellent thought I’m sure.

There is no reason for fast discharge apart from it brings 10 years of pain and misery to an end, In terms of the Trust deed process, I would say it's saved my life. I look forward to the day in 8 months time where i can start to plan for a better future, This website is a gem, A great help for when your a little unsure about the process

Hi np785641d,

That’s really positive to hear that a Trust Deed has made such a big impact on your life and I’m sure a statement like this will help other people who may be struggling and not sure if a Trust Deed is something they should do.

Good luck for the future.

KPMG are not the quickest at finalising things. I was told back in May that I had met all my requirements and still haven't been discharged

That's what worries me, A few people have said KPMG ARE SLOW. One thing about the Trust Deed process that i think needs improved is a process with tight timelines managing the discharge. It seems regimented in a good way for 48 Months, But the piece where the individual is looking for the discharge seems a bit loose and depends on individual trustees. Doesn't seem right

I agree with you np785641d about the length of time some firms can take to discharge individuals from their Trust Deed especially when the client is held up their end of the deal by making all the agreed payments on time. I think most firms tend to do this in a timely manner but there are some that do take a while. Unfortunately for the ones that do take some time feedback on the forum is to chase them on a daily / weekly basis until they discharge the client.

Kpmg will never discharge you and any monies you get in future still be subject to them. Trust me I know about kpmg (keeping people's misery going)

I was told by kpmg in 2016 that I had met all my requirements and still not been discharged.

quote:

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Originally posted by sherrit
[br]I was told by kpmg in 2016 that I had met all my requirements and still not been discharged.

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According to the Register of Insolvencies you were discharged on 21 April 2017

Perhaps it is your trustee's discharge that has not happened yet in that case, Sherrit? If you have been discharged yourself then you are no longer subject to the Trust Deed and your credit file should be updated to reflect this.

According to the conveyancing solicitor of my late fathers house I still have an active td set up without my knowledge in 2015?

I'd get onto them if this has been set up, cannot understand without your knowledge bit are they taking any monthly payment? I wouldn't think so without your permission def get onto soon as