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Scottish Trust Deed Forum
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Topic starter
19/09/2018 3:40 pm
Is a trust deed duration:
4 years from Signing
4 Years from being protected
on the day the 48th Payment is made
I.e What date do the trustees start working on the payment to creditors and discharge ?
19/09/2018 3:52 pm
Hi,
The minimum term is four years from signing.
That's just a minimum though, it can be longer.
As per a reply earlier today, trustees will vary in how long it takes them to proceed towards discharging their client.
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20/09/2018 12:58 pm
Minimum 4 years, but normally it will be just over 4 years before a person is discharged. This is so that 48 month's worth of contributions can be collected, given that often there may be a slight delay before payments start at the beginning.
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