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Going Self Employed 3.8 years into Trust Deed

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(@freedom)
Active Member
Joined: 9 years ago
Posts: 6
Topic starter  

Hi Forum,

There seems to be conflicting advise on net regarding the above subject.

Would you please be kind enough to advise if I can go Self Employed during Trust Deed?

Apart from advising Trustee is their anything else I need to do?

Many Thanks

BrianW


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

There is nothing to stop you moving to self-employment during a Trust Deed. However, if this has the effect of reducing the amount you can afford then it could cause a problem - especially if you are no longer likely to meet the amount that you proposed at the start of the Trust Deed.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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