Hi DanDoyle87

From what you've described, I assume there was no term extension agreed to deal with assets and you've met all your obligations to the TD, so there's no arrears to deal with.

Based on that, you will have been expected to make 48 consecutive monthly contributions. So, if your first payment was on 1 December 2017, all other things being equal, your final contribution should be on or around 1 November 2021

Only your Trustee can actually confirm when your final contribution is due, though. If you had previously agreed a term extension, or if you have arrears of contributions, it may be that your final payment will not be until a later date. I recommend contacting them to confirm

Thanks,
DBHA21

Welcome to the trust deed forum DanDoyle87 and thanks for your kind words.

I guess the technical answer is that it ends (for you) once you have been discharged by your trustee.

If you have fully completed your obligations then I guess your trustee will be able to begin that work on your discharge once you have made your 48th payment and the four year minimum term has been reached.

Thanks both that's really useful. I'm going to fall my trustee an email soon to enquire - just always been worried that if I seemed to eager for it to finish that it would get extended for some reason! ha. (I've had no prior agreements or conversations with them about it lasting longer than the 4 years).

It's a good idea to get in touch with them.

Hopefully they'll be able to provide you with an expectation as to how long their work to discharge you will take.

Just to follow up, I got in touch and was advised that my final payment would indeed take place in November and was advised on how things will proceed to discharge me from my TD after my final payment.

Counting down the days to making the final payment and so excited to finally wrap it all up 🙂

That's great DanDoyle87.

It must feel amazing to be so close to finishing this process.

Glad to hear it and well done! Hopefully a relaxing debt free future for many years to come now!

Just had my form 5 in the post. Absolutely over the moon and so glad to be finished.

Just to say, I've seen a few posts of folk on here lately who have just started and are feeling regrets. If anyone reads this and feels like that, just stick with it. The process goes much quicker than you think it will and its so worth it in the end!

A big thanks to this forum and the mods / admins, its been such a useful trove of information over the years!

Sincere congratulations to you DanDoyle87.

Do you have any celebratory plans?

That's brilliant, Dan. Congratulations.

Thanks both!

Celebrating with a nice dinner out next weekend, will be so nice to do so without feeling like I'm spending recklessly!

I have a quick question regarding the end of a trust deed, I was under the impression mine ends July ‘22 after an extension due to reduced earnings. I’ve checked my credit report and it’s said my trust deed has ended. This would be 6 years from the date of signing but I was still expecting to pay for another 6 months? Any advice appreciated

Hi LC2022,

Anything that goes on your credit report stays there for six years then falls off. The absence of the trust deed on your credit report after six years doesn't necessarily mean that it has ended.

The way to check whether your trust deed has ended is to look it up on the Register of Insolvencies. See:

https://www.trust-deed.co.uk/searching-the-register-of-insolvencies.html