Hi prenticebaby.

Go on the Register of Insolvencies via the Accountant in Bankruptcy website.

If your discharge is registered there it's official.

The Trustee must send a copy of Form 5 to the AIB for registration and therefore it is likely that your discharge will be recorded. It may be an idea to leave it a week or so after you have received yours.

Mark

Congratulations prentice baby!

Hi,
You mentioned going to the Register of Insolvencies via the Accountant in Bankruptcy website. I did this, but cannot find any references to my details and comes up with no details found.
Is this website... roi.aib.gov.uk/roi/search_choose.aspx correct?

More importantly as I'm doing something wrong, any hints or tips to point me in the right direction to get me to the correct information I'm seeking?
Many thanks

Hi Rickie1

If you join and log in to the main page, the trust deed and bankruptcy info are located by clicking the 1st button on the left Bankruptcies and protected Trust Deeds.

From this you can search by name, postcode etc.

Hope this helps

Mark

Putting in less details and scrolling through the results is sometimes a more fruitful way of searching the Register, Rickie1. The more information you input the more likely that something will not match exactly what is on there, in which case you will get no details found.

Hi,
Yes, putting in more info returns less. I only put in my address and it came back with my information.
The following information...
Date of debtor's discharge 11/12/2014
There is NO date for the Trustee's discharge.
Does this confirm that its still active?
Or anything i should be worried about?
Last question, when do i know when the creditors get their allocation of my trust deed payments?
Many thanks

Hi Rickie1

Don't worry, the process after Form 5 is for the Trustee to work out and make payments to creditors and then seek his own discharge. This has no effect on your own position.

Mark

Hi Rickie1,

You are now discharged and debt free from the Trust Deed but your Trustee is still in office and your Trust Deed file is still open and active. This doesn't make any difference to you as your relevant part is your discharge.

This is normally the case and nothing which you need to worry about. The Trustee will be finalising the Trust Deed and generally the only thing that delays the complete closure and payment to your creditors is investigations into PPI.

You will be notified of the payments paid to creditors in due course.

You could give your Trustee a call and ask when the expect to make payments to you creditors and seek their own discharge.

Excellent advice and feedback.
Website is brilliant and I'm sure answers most peoples concerns.
I just wish the website was available 6 years ago, 3 years prior to taking out our Trust Deed.
We were originally with Citizens advice who put us on a plan for almost 3 years with the creditors, however the interest was still accruing unbeknown to us, and we were getting nowhere, until the Trust Deed was an option. Unfortunately, it was a wasted 3 years when it could have been 3 years of paying a Trust Deed.
Anyway, we got there in the end. New start and a new outlook on Debt management to live within our means.
Thanks to all the advisors advice & help

Hi Rickie1,

I've dealt with loads of clients over the last 10 years who have been on a token payment plan and said the same as you that they wish they had found out about a Trust Deed or Sequestration a number of years ago as they would not be debt free.

A lot of citizens advice advisors are big believers in token payment plans to creditors but in my opinion this doesn't ever deal with the problem of the debt. The debt will always be there and as you have experienced in a lot of cases interest and charges can continue and push the debt level up.

The feedback I'm told when I ask the advisors about this is that it is what the client wants instead of a Trust Deed or Sequestration but I think that a lot of that comes down to the advisor informing their client about their options. Some CAB advisors have told me that they don't like Trust Deed's and wouldn't advise a client to consider that as an option. Some CAB's don't like or agree with Insolvency Practitioners either so won't refer a client on.

Having said that though, I work with a number of CAB's and their qualified money advisors are excellent in accurately informing a client of their options and then inviting me down to speak with their client further about a Trust Deed or Sequestration if that's what the client wants.

In glad your Trust Deed journey has now come to an end (albeit 3 years later than potentially it should have) and you can move forward debt free.

I too work with many CAB and local authority debt advisers - in fact I was one myself for several years. There are very many excellent advisers out there, and I guess some that aren't quite as good, which is probably inevitable.

I always think that the best advisers are those that simply set out the options in for their client to choose which suits them best, rather than influencing their choice with their own feelings too much. As long as people are well-informed then they will generally come to the best conclusion themselves.