Good Afternoon,
This is my first post on this forum.
I am due to make my last payment to my TD in August this year could someone tell me what the discharge process is please?
What documents do they need from me?
I also have a car which was included in my trust deed.
Thanks
Hi pinkgirldancing (great name)
Once you have paid all contributions and any money for the car, then your Trustee will issue you with a letter enclosing Form 5 advising of your discharge. He will then issue Form 6 to creditors seeking his discharge and then 14 days later send (strangely enough!) Form 7 to the AIB where the discharge will be recorded.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Thanks Mark - very quick response. I'm glad I've found this site, it's been very informative.
Welcome-always space for a pink girl dancing!!
my non existant ppi seems to be delaying rsm tenons ability to do forms 6 and 7!!!
I check the AiB site daily and I still have a trustee!!!!
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
Just to clarify - there is a bit of work to be done between form 5 and form 6. Claims may have to be adjudicated and dividends would have to be calculated and distributed to creditors. Creditors can be quite slow to cash cheques, which again delays the trustee's ability to apply for discharge. I don't think Mark was intending to imply that it is just a case of sending out forms 5, 6 and 7 one after the other.
Hi Kevin
Ooops! sorry, I was.
We are fortunate as we have a team in our Irish off who chase all the groups]'s claims and supporting documentation from the date the Trust Deed is protected and it is very unusual for us not to have all claims in and agreed by month 4.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Yes I still have a trustee. I have grown quite attached to him and may choose to keep him for a while longer!!!
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.