Hi Neverendingstory

I've never heard of an exit meeting in a Trust Deed. I've only ever heard of this when someone leaves a company. It seems to be an HR thing.

I'm sure there will be no requirement for a meeting.

Mark

Hi neverendingstory,

I suspect you have picked this up from a post I made to one of my clients who has just entered into a Trust Deed with us. Sorry if I've made you panic.

We are always looking for ways to improve our level of customer service that we deliver to our clients and we felt by offering ÔÇ£exit meetingsÔÇØ this may add to that.

At the outset a lot of time and effort is spent with clients working through their full financial situation and what options they have available. Towards the end of a Trust Deed clients generally have quite a lot of questions about their future and what happens next. I've certainly noticed that more and more people are posting on the forum regarding this. Even although all this is discussed before a client enters into a Trust Deed, Sequestration or a Debt Arrangement Scheme, by the end of their plan they will probably have forgotten most of what was discussed.

It's for that reason that we offer our clients an ÔÇ£exit meetingÔÇØ should they wish to sit down with an advisor and discuss things. It also allows us to speak with the client and find out how they have found the process and if there is anything that we can do to improve our customer service.

I wouldn't worry about having to hold such a meeting with your Trustee, as I said it's something that we offer our clients who are coming to the end of their plan and it's certainly not a requirement of anyone in a Trust Deed. Some of our clients take the offer up and some prefer just to discuss things over the phone.

I hope this puts your mind at ease and clarifies things. It's good to read that you've got 6 payments to go, the end is in sight for you.

Hi I have heard of this meeting as well, apparently a meeting will be held this Friday at my IP office to discuss the closure of my TD. Creditors are not obliged to attend though. Then after the meeting my IP will notify the AIB of both their discharge as well as mine. It's like they try and grip on to you for the last possible minute.

Hi sparky

I've got a feeling that this is a bit of as hybrid before the 2008 regulations, where they had to have a creditors meeting for discharge. This really is not necessary.

Personally I check and when all contributions have been received and all matters dealt with, I get Jean to issue Form 5 which is the person's discharge. Do the final dividend circular with Form 6 seeking the Trustee's discahrge and then 15 days later issue (you guessed it!) Form 7 which is the summary of the receipts and payments through the period of the Trust Deed.

There's certainly no requirement to attend. Perhaps they're going to try and flog you insurance or something!

Mark

Well, I am with your firm Mark so looks like I won't be seeing your cheery little face again!

Thanks guys for the replies.

Yes, six months... who would have thunk it!!!!

[:D]