Reduction in income
 
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Reduction in income

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(@marieh38)
Eminent Member
Joined: 12 years ago
Posts: 37
Topic starter  

No just that it will be reassesed in 4 months snd to make affordable token payments to stop arrears builing up .


M hart


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
 

Keep an interest on how this will progress in the long term as well as the short term Marieh38.

If your capacity to contribute significantly towards your trust deed isn't going to recover you'll want to understand how your trustee will deal with this further down the line.

It's a perfectly fair question for you to ask.


Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@jt222)
Eminent Member
Joined: 11 years ago
Posts: 23
 

There are a lot of people that make a lot of money by getting people into trust deeds wether they can afford them or not. Very keen to help before the TD is signed and then unavailable once you get moved to a different department after it has been signed and you are left with someone who doesn't have a clue or any interest in your own personal situation.
It doesn't make any difference to these people wether your TD fails or not



   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
 

Happy Christmas jt222 (and anyone else reading).

Of course everyone deserves to be treated respectfully and competently when they employ the services of a professional. It's always disappointing to hear when that hasn't been the case.

Your comment regarding fees is a falsehood though. Insolvency practitioners would go broke if every case they managed failed. Their financial interest is in them being completed, and therefore being set up sustainably.


Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@jt222)
Eminent Member
Joined: 11 years ago
Posts: 23
 

I am not referring to IPs . I am more talking about people that sell TDs for a living and the people further down the chain that basically man a call centre



   
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