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Scottish Trust Deed Forum
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Topic starter
10/11/2009 8:41 pm
A question for Mark
I signed a trust deed (later protected) with a Glasgow company in Dec 2001 and paid ?ú160 per month for 35 months....and had an outstanding payment of ?ú160. I have had no contact with the company since approx 2004 and no idea what would have happened in that situation.
Since then I have got into a similar mess financially (not to the same extent by any means!)and was looking for a way to best deal with approx 12,000 unsecured debts and thought possibly of a further trust deed and then realised that the first trust deed is in 'limbo' ....what would the trustee have done in that situation? I have to say the company in question had limited contact throughout the duration of the trust deed...no reviews...didn't really return calls etc
Where do I go from here to manage my current situation?
Many thanks
Ellie
10/11/2009 9:38 pm
Hi Ellie,
I'm sure Mark will add comments soon. I wonder if the best first step would be to contact this firm to ask exactly what action (if any) they took at the time.
I find it unlikely that the case would still be "open".
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
11/11/2009 12:28 pm
Hi Ellie
sorry for the delay. There are a couple of points here, firstly you should call the Trustee to find out what happened re the old Trust Deed or you could call the Accountant in bankruptcy's office in Kilwinning who may assist if the IP doesn't provide the answer.
Secondly, there is nothing to stop you having another Trust Deed whether the previous one is discharged or not. However depending on circumstances DAS or Debt Management may also be of use.
Hope this helps
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
