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Scottish Trust Deed Forum
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Topic starter
01/10/2011 4:43 pm
Hi folks,
New to the site but got a question about my trust deed...
I am 1 year into my trust deed and there is a chance of getting redundancy at my work (roughly 12,000). I am wondering what happens to this money? does it all go to my creditiors or am i left with some to live on?
01/10/2011 6:16 pm
Hi johnd76 and welcome.
You'd normally keep the "statutory" part of a redundancy payment to tide you by while you look for work.
Anything paid over and above this would usually be paid into your trust deed.
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