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Scottish Trust Deed Forum
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Topic starter
02/03/2010 9:53 pm
hello my td is due to finish in april but due to my husband going from full time work to 3 days aweek they redused the paymenet .so now th?ey are saying they dont no when it will finish .is there a time limit on a td or dose it just keep going?
l chalmers
02/03/2010 10:29 pm
Hi larrie
It is largely up to your trustee when you might be discharged from the trust deed, and they will take your creditors' interests into account. If your contribution has reduced then it is common for a trust deed to be extended to compensate for this, though certainly not indefinitely and they should be ab;e to give you a timescale.
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