Most of the major creditors have acceptance criteria and will object if they are not met. Presumably your chosen firm will be well aware of these, or should be, so would give you advance warning if they thought the proposals being made are not likely to be sufficient.

Thanks Kevin I understand, I suppose its in my trustees interest for it to become protected as well. I didn't realise they were basically making a proposal to meet a certain criteria, this done give me a bit of reassurance. I'm just one of these people who always expects the worst. 🙂

Hi There,

Similar to yourself i had multiple creditors, One being Zopa- i think they objected to mine as peer to peer lenders, Think the key is that the majority accept.

Im 42 months in now, So certainly worth the hard yards

Thanks np785641d

creditfix did tell me they thought Zopa would object but they should be the only ones...fingers crossed then! 🙂

Hi Unknown

Many Scottish firms are aware of the parameters of what is accepted by creditors in terms of whether a trust deed will achieve protected status however that does change from time to time.

A creditor does have the right to object to a trust deed.

Many creditors such as credit unions will review each case under their own merit.

Peer to Peer lenders such as Zopa will object.