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how many creditors for trust deed to be an option

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(@prenticebaby)
Trusted Member
Joined: 14 years ago
Posts: 93
Topic starter  

Hi
My partner is considering entering into a trust deed, he has 2 creditors and debts of around 15,000, would a trust deed be an option for him?

L Campbell


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi

There seems to be a 2 creditor minimum nonsense on websites at the moment.

If there is one creditor or 50, the a trust deed is still an option.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@prenticebaby)
Trusted Member
Joined: 14 years ago
Posts: 93
Topic starter  

Thanks for your advice as always

L Campbell


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi Mark,

Try researching on the internet whether someone can be a company director while in a trust deed.

Let's just say 50% of them must be wrong!

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@pamjo)
Reputable Member
Joined: 14 years ago
Posts: 355
 

I had a teenager tell me you need to research a topic and if 2 sources on the internet say the same you can take it as fact!!!
SCARY


   
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