Hi Hoopy

From what you say, no money will go to the Trustee as they have been discharged.

There are 2 scenarios which are likely. Firstly they will offset the loan against the existing debt which I think is probably the most likely scenario. Secondly you and your wife will receive the cheque.

The only reason why I say the 1st is likely is because I dealt with one fairly recently where that happened. That said, there may have been different circumstances etc.

Have they given any indication whatsoever if this will be repaid to you or against the loan.

Mark

Mark

Hi Hoopy,

Who is the company that is going to make the PPI refund? Is it Paragon or RBS or someone else?

Hi Hoopy and welcome.

I've just done a little editing to bring this all together on a single thread. I hope you don't mind... I think it will make it less confusing for readers and those who are responding.

Worth adding A.D's response here to you on the first part of your question (which I'm deleting and have added to your question above).

From A.D.:

"Hi Hoopy.
Welcome to the site, but I must say you should have joined it while you were in your trust deed ! You are right re the advice from the experts.
I too was in a td for three years, finally being discharged in February of this year with my trustee following suit a month later. I used to come on all the time as I found it really therapeutic to see others in a similar position to myself, and knowing that no matter how trivial I thought my query might be when I posted it, it was never considered as such when people were replying.
We are all in this together on here and no problem or enquiry is considered too small or too silly no matter what the author him or herself may think.
Now that I am no longer in a td, the shoe is now on the other foot and now I come on here to offer my own advice or comments to people who are now in the position I was in for the three year duration of my trust deed, and hopefully they will feel a bit better in much the same way I used to feel when someone answered one of my posts!"

Sorry i should have asked if you still have a debt with the company who is offering the PPI.

Mark

Hi Mark and David thank you for your replies to my query.Mark the whole loan we had with Paragon has been paid in full with the money i received from early retirement so i owe them nothing. David the company dealing with the PPI claim are called CT CAPITAL PLC it was actually them that sent the PPI details to us it wasn't even ourselves that made the claim.
They said the money would be paid into my bank account in 28 days, 24 days have now past and nothing as yet. I contacted them last Thursday to see what the latest situation was and they advised me that they were waiting on a reply to an email they had sent to see if any of us were in live bankruptcy or Trust Deed situations and would chase it up. I have a noddle account that says I'm not in any of these situations and my wife clearly is not. Regarding RBS this year they offered me £8000 but like other people on this site they offset against the loan that was included in the Trust Deed but they did send me a cheque for over £2000 for the interest . I didn't see the point in taking it to the FOS as they have done this to other people who were in a Trust Deed and seemed to get away with not paying the PPI money.During my Trust Deed from June 2008 to June 2012 i never ever spoke to my Trustee as it all ran smoothly and as stated he discharged himself in July 2012 and PPI was never even mentioned .I myself only started to hear about PPI when the guys in work started talking about it but i took a back seat because of my situation.
Regards Hoopy

Hi Hoopy,

My concern was the PPI refund was coming from a creditor like RBS who may offset the refund against any debt that you had with them.

Is it Paragon that the PPI refund is coming from? If so and you have repaid them their full balance then I think you may receive the PPI refund.

I would chase up your PPI claim company for an update and you can refer them to the Register of Insolvencies for confirmation that you are not still subject to a Trust Deed.

Fingers crossed that you receive the funds.

Hi Hoopy

If both you and the Trustee have been discharged, then hopefully the payment will be made to you. You could check and print off the details from the ROI and send this to them as this will answer their queries on the bankruptcy issue.

Mark

Thank you Trust Deed Assistant for bringing this all on to a single thread it is much appreciated.
A.D Thanks for your reply but when i took out my T.D in 2008 i didn't even know about this site in fact i didn't even have a computer or the gadgets that my kids have now lol.
Thanks David and Mark again for your. replies i have registered with the ROI and struggling to find my details to print off but will keep working on it. I did phone ROI and they confirmed that i was discharged in June 2008 and my Trustee was discharged in July 2008.
I will phone CT Capital and see what the situation is and let yous know what they say.
Regards Hoopy

Hi Hoopy.

The details of a trust deed case are removed from the public Register of Insolvencies one year after a trustee was discharged.

Hi Hoopy,

Your details will only remain on the register 1 year following the date of your trustees discharge.

If your Trustee was discharged in 2008 then then your details will have dropped off the ROI by now. This in itself should be confirmation enough that you are not still subject to a Trust Deed.

Get onto your PPI company to try and push things along.

I understand what yous are both saying but the person I spoke to could still bring up my exact details.Are you both saying then that my details will not be on the ROI website?
as Mark said to print off the details and send them to CT Capital .
Regards Hoopy

Hi Hoopy.

I'm sure internal records are kept to answer questions such as your own, but on the publicly searchable version of the register the entries are removed a year after the trustee is discharged.

Hi Trust Deed Expert.
That makes sense and that's probably why i can't find my details on the ROI website.Thanks for your reply your as sharp as a tack .I'm going to phone CT Capital just now to see what the situation is.I was thinking no news is good news and was going to give them there 28 days as I'm one of them sort of guys who doesn't like hassling folk.
Regards Hoopy

Give them a call Hoopy to chase them up as after all, it could turn out to be an £9,000 phone callÔǪ

Let us know how you get on.