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02/03/2025 7:39 pm
Hi everyone,
Firstly, I would like to say I finished my Trust Deed in 2022 - taking a Trust Deed at the time was was daunting, scary and demoralising. However, it was also the best decision I ever took and I am currently debt free with huge savings and an ever improving credit score etc…. Anyone reading this thinking about a Trust Deed, obviously take masses of advice and do what’s right for you but believe me it really is a great feeling to have all pressure lifted.
Anyway, the first question I have pertain to my name still being on the Register of Insolvencies - both me and my Trustee have been discharged from the Trust Deed everything remains on that register. Frankly, I’d like it off the register! How do I go about doing this? I believe it should have been done automatically by now but it hasn’t!
Next query, my credit file still shows a default from an account and whilst I know a default remains for 6 years, the default was raised on my file 8 months after I signed the Trust Deed. Now, if it’s 6 years, it actually runs out on 22-3-2025 (only three weeks roughly) so really not that long now to be fair. However, should I be trying to get this default changed to when I actually signed the Trust Deed or should I just Let it run its course now? It is only 3 weeks!
Thanks
03/03/2025 6:28 pm
Hi Steveo,
Default dates should from no later than the date your Trust Deed was signed. It would take you at least 3 weeks to get them to amend this so it's not worth pursuing as it will be dropping off very soon anyway.
The Trust Deed will stay on the Register of Insolvency for 6 years after the date of signing. Should drop off automatically.
08/03/2025 10:37 am
Hi Steveo,
The Trust Deed should leave the ROI one year after your Trustee's discharge. Usually Trustee discharge happens approx. 6-12 months after the debtor's discharge, as they have to complete the final distribution of the estate and a few other matters.
If your TD is still on the register, and it's been over 12 months since your Trustee was discharged, I'd recommend getting in touch with your former Trustee and the AiB, to query this.
