Hello Daisy Mey and welcome to the forum.

Once you have completed your responsibilities to your trust deed it should not normally take more than a few weeks for your trustee to discharge you.

You'll receive a "Form 5" and will be able to confirm your discharge on the "Register of Insolvencies".

I suggest that you contact your trustee for an update on when you'll be discharged.

Hopefully that will be soon. However, unless you're discharged, I can only advise you not to sell the property until you have:

1 - Confirmation from your trustee that they'll allow that to happen.

2 - Written confirmation (that you're happy with) about what will happen with any proceeds of such a sale prior to your discharge.

Thanks
It is impossible to get any sort of info from my trustee. They tell me it is in hand, he has also said he is waiting to hear back about PPI`s and I have told him there is not any.
Do you know of roughly the timescale that is expected to sign me off and also the PPI- when could the trustee expect to hear from them?

Thanks DM

There is no set timescale Daisy Mey. It seems to vary between firms.

Your trustee is probably in a position to discharge you before all of the PPI claims are finished though.

You've paid a lot of money in fees to your trustee. Don't be afraid to demand answers to fair questions.

Hi Daisy Mey,

Well done on reaching this point and completing your Trust Deed.

Keep on at your Trustee for an update on your case and if you are not happy with what your being told on the phone then ask for something in writing confirming the current status of your Trust Deed.

If you have completed all of your obligations and there is nothing else in your Trust Deed outstanding in relation to any assets then your Trustee should be in a position to provide you with your Form 5 which is your discharge certificate.

If you are looking to sell your house then make sure you receive a letter from the Trustee to confirm that they have no interest in the property and that they will not look to ingather any of the proceeds from the sale.

PPI investigations are a real issue for a lot of people who have completed Trust Deed's at the moment. Unfortunately these investigations can be a very time consuming exercise and its difficult to put a timescale on this. I appreciate that you've told the Trustee that there isn't any PPI in place but they still need to verify this with the creditors. I know in some of our cases people thought they didn't have PPI and it turned out they did have it. The best thing to do is keep on at your Trustee.

Hi Daisy Mey

If you have agreed a figure for equity and this has been repaid in full then it is likely that the Trustee will have no interest in any free funds following the sale.

As you have not been discharged then the trustee will have an inhibition in place possibly, although this expires after 5 years unless it's renewed. If it's still in place, then the Trustee would need to agree the sale unfortunately and sign the disposition.

As mentioned above, there is nothing to stop you being discharged and the trustee staying in office to finalise matters. If this was to happen, then the sale would fall completely under your control as the trustee has a requirement to discharge any inhibition.

Best advice is to keep on their back and advise that you have kept your end of the deal and the Trustee has had 5 years to resolve matters.

Mark