you'll be fine, mostly all td's go through, y would urs be different?

p.s if your payments are upto date, then it will prob be protected before the calls can start

I can't go on feeling like this! It's affecting everything! I am so scared. Nothing is ever going right! I think that's why I have so much debt. The company have been helpful and that does help but this over arching fear that it's not going to go through. I am a nurse and need to be on my game for work. Its horrid!

The td company setting it up knows what requirements have to be met and they will design your td around this to make sure it will be accepted. The fact that your paying for 4years shows that extra effort is being made by you to make it viable to the creditors. Don't wori about it. Infact look forward to the weight being lifted off your shoulders

Welcome Indebt999.

SkintAlly makes some really good points. If you read around the forum you'll find very few stories of trust deeds failing to become protected. You may also want to read the interviews with Mark, Kevin and Shona where they talk about the percentage of trust deeds that they handle which become protected; I hope you will find this reassuring as well.

Is there a particular reason why you are worried about your home? Is there equity in your home at the current time?

Hi. No equity in the home. I'm just petrified that something will happen or that they say thy are going to make us bankrupt. I am also worried about if it has any impact on my employment. I work for the nhs and have done for 18 years. I have read elsewhere that it won't affect that an I am sure there are many nurses in a similar position who have entered PTDs but until it's settled I'm going to worry. Sorry and thank you

Hi Indebt999

You sound so like me 16 months ago its spooky !! I had all the same worries & was so terrified that it wouldn't get protected & we would lose the house (which has no equity either).

In reality a good TD company should know with a degree of confidence whether ot not a Trust Deed is likely to become protected or not.

I also have work in the NHS as a nurse for over 20 years and can honestly say it has had no impact on my job whatsoever.

I appreciate it is a really anxious time for you but please try to relax...You have done the hardest part & admitted you have a problem. I know the next 5 weeks or so until you get protected status will drag in but once it's all sorted you can relax & get back to normal. I don't even think about our TD's now to be honest...our monies come out of our account the end of the month and thats it...any money left is ours !!!

Hope this has helped, let us know how you get on. Oh, and our unsecured debt was much higher than £50k...!!!

Boys1211

I wouldn't worry about it - I was terrified once I signed and thought it would be rejected - then I was re-assurred that the Trustee would only really have taken me on if they felt it could be protected. Once you get that call to say it's protected - believe me - it's [8D][8D]

Hi again. It's really unlikely, but even if the trust deed failed to become protected bankruptcy isn't an automatic outcome. If you decided to go bankrupt in those circumstances you shouldn't lose your home anyway, that's only a threat when there is some equity in the home. As has already been written, in our experience none of this will have a bearing on your employment. I know five weeks must seem like a long time right now, but I hope it passes quickly for you.

Thank you all so much. It's just nice to know we are not in this alone and I really appreciate all your time for replying. It's very scary for me to firstly have acknowledged tha there is a problem but to have to look at the bigger picture of how to deal with it and start to live a life again. I am truly grateful to you all and will hopefully keep you posted for when it becomes protected!! Fingers crossed.