Hi Sean3686.

I don't think this is necessarily a term in common usage.

What's been happening with your trust deed?

Understanding the background that has led to this term being used might be helpful in terms of advising you further.

Good Afternoon

I assume from the phraseology that your case may pre-date the new regulations. Can you confirm when you signed a Trust Deed?

Typically a no fault closure would mean that the Trustee is looking to close the case and discharge you from your debts even though you have not met the obligations originally proposed. This would often be as a result of job loss or some other change in circumstances meaning an individual could not maintain their payments, but not as a result of any fault of theirs.

As TDA advises though, some additional information would make it easier to answer your question.

Hi
Feed was signed in 2010 work has been erratic and now non existent I had joint debts with my ex wife she has been discharged but there are 2 debts still in my name

Hi Sean,

On balance this sounds like it may be good news with you being discharged from your trust deed and your debts.

Don't take this for granted though - please check with your trustee exactly what the situation is.