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Scottish Trust Deed Forum
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Topic starter
05/06/2009 4:49 pm
Hi there,
Is there a minimum amount you need to have available after essential outgoings to enter a trust deed?
05/06/2009 5:32 pm
Hello syb1010,
There is no exactly defined amount.
Different Trust Deed firms take a different view on the minimum contribution they will handle cases on in order to facilitate a reasonable payment to creditors, an appropriate arrangement for the debtor, and to settle their own fees from the contributions.
It can be an important consideration in choosing a firm.
Is this something that you're wondering about for yourself? If so is there an amount you feel you could afford each month?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
05/06/2009 5:41 pm
Thanks,
At the moment whilst working part time around ?ú50 a month although I am looking for full time employment so obviously this will change and be higher
08/06/2009 9:12 am
Based on that information I don't think a trust deed would be the appropriate solution for you at this time.
Are you a homeowner? Do you have any other significant assets?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
