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Scottish Trust Deed Forum
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Topic starter
06/12/2014 8:36 pm
My trust deed started in 2006 , after a very lengthy battle against my Trustee I was discharged a few months ago , thanks to the Biblical efforts of Mark who kept me on the right path .
My Trustee has quoted chapter and verse that my offer was flawed , but it seems he was talking about bankruptcy conditions , rather than trust deeds .
Can the experts please clarify the process used to make an offer of composition within a trust deed , as the advice given by the AIB in Scotland conflicts with my ex Trustee's understanding of due process .
Furthermore the IPA in London are a chocolate t pot 15 months on and ..................... !! Audemus Jura nostra Defendere .
07/12/2014 8:23 pm
A Protected Trust Deed is essentially an offer of composition in itself and I don't think there is an ordained process for making an offer of composition to end a Trust Deed, pinalta.
I guess the reason that your Trustee is talking about composition under bankruptcy is because that is the only procedure where a formal composition process is laid out in statute.
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