HI BMC.  Congratulations on successfully completing your Trust Deed - I imagine you must feel great about getting to the end finally?

Your discharge means that your Trustee no longer has any rights over your property or other assets.  In fact, part of the process they have to go through in order to discharge you is to remove the inhibition that was registered against you, which would have stopped you selling any property without their agreement previously.

The only reason your Trustee is not yet discharged themselves is because it takes a little time for them to distribute any funds they have gathered in to your creditors before fully closing the Trust Deed down.  

@kevin-mapstone 

Hi Kevin,

Thank you so much! It certainly is!! It has been a long, drawn out process, but worth it. 

Thank you to everyone on the forum for putting up with my posts and many questions! You have helped me so much. 

I was able to speak with the closure team after several attempts today and they too confirmed what you have said. They said it should take up to 6 months, but they are rushing through closure cases right now and I am very close to the final closure. Once I see the date appear on the AiB website I will be able to then sell my house which is great news!! 

I am now so happy finally completing the PTD and can now look forward to moving on...

Thank you again!

BMC

@bmc

Hi BMC

Mine is due to end in next 2 months and just wondered what you had to do at the end? Did you have another income/expenditure review or just pay final payment and get discharged?

Thanks

Posted by: @ged55

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@bmc

Hi BMC

 

Mine is due to end in next 2 months and just wondered what you had to do at the end? Did you have another income/expenditure review or just pay final payment and get discharged?

Thanks

Hi,

I had two years left of Equity to pay off (two houses and one car). I was able to sell my car to pay off the balance. My annual review was due in May this year, so I was able to pay of the balance before the review date. 

I suggest you wait the two months and complete. I am sure it will fly in! 🙂

@bmc Hi BMC,

congrats on completing your TD.

My situation is the same as yours and I’m worried about proceeding with a sale.

when you called the closure team, did they say you can sell when you see your discharge date or when the trustee discharge date appears on AIB?

many thanks 😊 

Not sure why your message is all truncated, th34ft34e, but to clarify: It is the "debtor's discharge date" that is the important one. Once that has been entered on the register of insolvencies then the trustee should have relinquished any further interest in the property.  I think that it is wise to wait until the Trustee is discharged too however, just to err on the side of caution as you don't want any sale process to be held up due for any reason once it has started as potential buyers can be put off.

Hi all,

As Kevin has perfectly said, I was told to wait until the Trustee discharge date is shown on the AiB website. From there I was told I can begin the process of selling my house. I keep checking everyday now hoping to see that magic date appear! But I have been told it can take a couple of months for trustee to finalize the monies. 

I will keep everyone updated on the progress! 

BMC