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Scottish Trust Deed Forum
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Topic starter
23/07/2012 1:37 pm
i have signed with a company but as yet not signed a trust deed, am i able to cancel as i have decided to look into bankrupcy instead?
23/07/2012 1:55 pm
Hi josophia2000
Yes, you are free to go with whatever firm you wish. You are only tied once the actual Trust Deed is signed.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
23/07/2012 2:10 pm
thank you very much for your help
23/07/2012 4:00 pm
Remember though that you may still have to pay a contribution for 3 years in a bankruptcy too. Did the company you signed with not discuss bankruptcy as an option?
If not then it sounds as though you may be better off looking elsewhere for advice. I would suggest discussing all of your options with an insolvency professional or a money adviser. Any of the experts on this site would be happy to look at your situation if you wish, or there are many free advice agencies out there such as citizens advice bureaux or local authority money advisers.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
23/07/2012 8:42 pm
All options should be discussed, how else can you make an informed decision ? As Kevin says, if you are not sure, seek advice elsewhere.
Shona is not currently posting in the Trust-Deed.co.uk forum.
