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Scottish Trust Deed Forum
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Topic starter
20/08/2009 12:01 pm
Hi,
I was looking for some advice pls,
My husband is in a protected trusted deed with Invocas and is currently paying ?ú900pm to them for the next 3 years for debt worth 60k.
Our background is that we have a house worth 260K(valuation done for trusted deed)mtg of 283K and secured loan of 83k so we are in neg equity of around ?ú106k.
My husband has been in the trusted deed for around 4 months now and as i have no income and was not allowed to be part of this i am being chased for the jnt loan that we have and for 2 credit card debts that i have tht my husband was prev paying so i have been advised that i have to become sequestrated.
Is ?ú900pm a fair amount to pay every month? as this leaves us with almost nothing at the end of the month for food ect?
thanxz
mummybabes
20/08/2009 5:54 pm
It does sound a lot, but then I don't know what your husband earns. Your trustee is meant to allow him to keep sufficient funds for reasonable living costs and then ask for any remainder.
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