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Scottish Trust Deed Forum
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Topic starter
23/02/2021 10:35 am
What are the reasons a trustdeed can fail? Why would a trust deed company cancel your trustdeed ? Unsure of this and feel like maybe at the time I took it out about a year ago I didn’t ask enough questions . Just to clarify my trustdeed hasn’t failed but just wanted to ask the question
23/02/2021 10:53 am
Hi diomur95.
This list might not cover everything, but potential examples include:
1 - Failing to make payments.
2 - Becoming unable to make payments (this will not always result in failure).
3 - Failing to comply with reasonable requests from a trustee.
4 - Failing to disclose windfalls.
5 - Breaking other rules agreed to at the start of the process.
Failing a trust deed should always be a last resort though. If everyone is acting in good faith then another outcome in response to a problem might be preferable for all involved.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
23/02/2021 2:22 pm
What's making you ask the question diomur95? Are you worried about a change in circumstances?
David is not currently posting in the Trust-Deed.co.uk forum
