Thank you for that information we are meeting them today. I feel it was never fully explained how the equity in the house would work at the end of the trust deed. We have tried to raise finance through out the trust deed but have hit brick walls. We now have the possibility of the family raising the money so will propose this today. I'm very bitter about the whole process and how it works . I felt Our hands where forced into this as it was sold To us as the only option at the time. Again the only reason we are this was because we where self employed and the recession resulted in the business collapsing after 40 years in business. So basically at the end of he day the trustee just wants to get their hands on our equity to line their own pockets and give the creditors some
Payment . Thad how the whole process feels.

Hi Bearsden11.

I wish you well for your meeting. It must be very difficult to find yourself in such a difficult position after being in business for so long and I know everyone reading will sympathise.

Just to reassure you the trustee will not be looking to raise the equity for the purposes of increasing their fee. The fee will have been agreed with the creditors in advance. You made them legally responsible for dealing with your assets when you signed the trust deed so they have no option other than to do that one way or another now.

I hope you're able to find a mutually acceptable way to achieve this today.