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Scottish Trust Deed Forum
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Topic starter
20/08/2012 6:43 am
Hi,
I am nearing the end of my bankruptcy but would like help to clarify a few questions please. My trustee is willing to abandon her interest in my 50% share of my property on payment of £550. As it is in negative equity should I still pay? It was also mentioned if it was not paid the valuation of the property would be re-assessed for 3 yrs! I am a little confused. If i pay it before the end of my bankruptcy will I then be discharged completely with no further involvement from AIB? Sorry for waffling on. Many thanks.
20/08/2012 9:21 am
Hi megantess
Yes, it appears that your trustee will discharge all interest in the property on receipt of the payment. If there are no other matters outstanding then they will hopefully seek their discharge.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
20/08/2012 9:50 am
Thanks very much Mark, that's extremely helpful!
Topic starter
20/08/2012 9:54 am
One more thing i wish to know is once discharged can I sell my property or are there any clauses to stop me.
Many thanks again!
20/08/2012 4:51 pm
Hi megandtess.
I cannot see why there would be any restrictions following your discharge.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
20/08/2012 7:12 pm
thanks for all your help!
