Hello whitevanman and welcome to the trust deed forum.

I'm sorry to hear about your forthcoming redundancy. It would seem to be grossly unfair if a claim were made against your redundancy payment, though I expect that this will be one of those issues that's at the discretion of your Trustee.

Kevin, Mark, Shona or Chris may have some thoughts about how they might view a similar scenario (not that I'd expect any of them would leave their clients in limbo for 16 months to chase a PPI payout as has happened to you).

Please remember that it's generally the case that a trust deed would have no call on the statutory element of any redundancy payout anyway.

Generally speaking, your trustee has a duty to gather in whatever is available for your creditors, though as trust deed assistant says they cannot touch the statutory element.

Having said that, if they did try and claim some of your redundancy payout I'd seriously consider taking legal advice. The terms of your trust deed may stipulate a time-period for acquirenda anyway, ie you may have agreed only to hand over any windfalls that happen within a fixed period of time. On top of this, there must surely be an arguable case that the trustee has not stuck to their side of the agreement by not discharging you sooner.

Hi all

I find this incredible that a case can be overdue for closure by 16 months, PPI claim or not.

When did they start the PPI thing?

Mark

Thanks for the replies, they started to claim the ppi about 6 months before I completed the trust deed.

Wow. Have you been getting any updates on the status of the claim whitevanman?

If you haven't I'd get in touch with the claims firm or solicitor involved and start demanding some information about what they're actually doing and why it's all taking so long.

Hi

I agree that it would be unfair to take any of your redundancy. I don't see why a PPI claim has taken so long, that i s a risiculous length of time. I would chase up both the Trustee and PPI firm.