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Oh dearie me

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(@upstream)
Reputable Member
Joined: 14 years ago
Posts: 251
Topic starter  

Just called my TD company to check that everything is on course for getting things closed off once my final payment is made at the end of the month. All seems fine and I should get a letter to cancel my standing order once my final payment leaves my account.

I then asked how long it might be until I receive my Form 5. Their response? 'What's a Form 5?'

[:0]

Glad that's over with....


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

That's made me smile upstream.

I hope you weren't speaking directly to your trustee?!

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

Wow... I'm sure that filled you with confidence!

I suspect that you have probably spoken with someone who doesn't have a great deal of Insolvency experience or knowledge. Most if not all firms will have qualified staff members along with support staff who will administer cases. From time to time staff leave and other staff replace them who won't have any great experience.

I'm sure it's nothing to worry too much about. Best to call back and ask to speak with someone more senior about your Form 5 and when you can expect this.

I guess that's the power of the forum. Sometimes you can know something that someone working in Insolvency doesn't.

David is not currently posting in the Trust-Deed.co.uk forum


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi upstream

Ha! You should have told them to log onto the site and gain some knowledge!

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

Any call taker at an insolvency firm should have a basic understanding of all things related to the business. That said it can often be clear as mud so better to be told I dont know that be fobbed off with a lie.

paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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(@upstream)
Reputable Member
Joined: 14 years ago
Posts: 251
Topic starter  

I have no chance of speaking to my actual trustee. He'll be off picking the bones clean from some multi-national collapsing. Whoever I spoke to did say it would be a different department that would deal with things once the account was signed off as complete but you'd think some basic training would cover what Forms 5 and 6 are - as he had no knowledge of either.

Glad that's over with....


   
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