Notifications
Clear all
Scottish Trust Deed Forum
2
Posts
2
Users
0
Reactions
791
Views
Topic starter
14/12/2021 5:27 pm
I am legally protected (Trust Deed).
I have an old car worth about £ 1000, which has been standing for several months and rotting in the parking lot because it failed the MOT.
I can't afford a repair so I have to sell it. As I mentioned this car is worth around £ 1000. If I sell this car, will I have to return the money from the sale to creditors? Will I be able to keep this money and, for example, spend it for other purposes?
Thanks in advance
Martin S.
Casper
14/12/2021 6:02 pm
Hi Martin44,
I suspect your trustee might have an interest in the proceeds of the sale of this vehicle. No harm in checking with them though.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
