Hi Bobster, welcome to the forum.

Unfortunately my thoughts on this matter are slightly different to your trustee. If all your creditors have objected, as long as the claims that they have submitted tie in roughly with the figures that were on the Statement of Affairs their objections are valid. It is irrelevant, at this stage in the process, whether they have provided evidence.

I would expect your trustee to advise you to present a petition for your sequestration (bankruptcy).

Please do not worry too much about this process, as your sequestration would run exactly the same way that your Trust Deed would i.e. you would still pay a contribution (if this was agreed) for the same period of time, and your assets (if you have any) would be dealt with in the same way. In addition you would receive your discharge after a year instead of three years.

Please let us know how you get on Bobster.

Julie

This does seem very strange. Are you sure that they all objected, Bobster? If so then I don't understand why your trustee is registering the trust deed as protected with the Accountant in Bankruptcy as the trust deed has failed to achieve protection.

The trustee has advised me that despite the objections there was no statements whatsoever to back them up. With the protection date now passed it is too late for them to supply any statements. The woman reviewed my case whilst on the phone and assures me that the protection status will be confirmed by next week. Confusing?

Hello Bobster,

Like Kevin I'm finding this a little confusing. The way you are describing the conversations (which you have been having about the trust deed becoming protected) sounds as though there haven't been any formal objections received.

The information you have been given about protection being confirmed next week certainly sounds very encouraging indeed.

I guess despite the conflicting info, I just have to trust in their knowledge and be patient. I told them of the Trust Deed Experts opinions and they said that this isn't how they work and that statements are also required from the creditors?

Hi Bobster,

There's clearly some confusion somewhere but I guess the most important thing is that your trust deed company have given you the reassurance that your trust deed is becoming protected.

Thanks for your time. I will be sure to give you an update next week.

Sounds like your trustee is pulling a fast one on your creditors there, bobster. I could understand their insistence on receiving proof of the debt if some creditors had objected and it was touch and go as to whether there were sufficient objections to cause the trust deed to fail. But if all of your creditors have objected it is ridiculous for them to ride roughshod over them and lodge the application with the AiB for protection.

I am constantly surprised by how some firm seem to operate, but at least this is an example of poor practice working out in your favour, rather than the other way around which is what we usually hear. The words "gift horse" and "mouth" spring to mind!