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Scottish Trust Deed Forum
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Topic starter
06/05/2011 12:21 pm
I am at end of my TD and I now have been made redundent as form March 11. my debt at start of TD was £40K, and I have now payed £14,500 back in to my TD. I have just done my last review and have put on my Redndancy payment of £34K. I have no income at this time and my Husband is on benifts. My stuary redundancy was £10K. Will I have to give the rest £24K to my TD.
06/05/2011 12:31 pm
Hi Reduced_pies.
The general feedback from the experts in the forum is that:
1 - Statutory redundancy payments can be kept.
2 - Additional redundancy sums (perhaps due to negotiation or special contract terms for example) will usually need to be paid into the trust deed.
I'm afraid it therefore seems likely that a significant payment will need to be made into the trust deed though you'll need to confirm with with your trust deed provider.
p.s. I've made a slight change to your username in case it revealed a personal detail that might later cause issues. If you need to login to the site again in the future please just enter it as it now appears.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
08/05/2011 8:55 pm
Might be worth checking the exact wording of your trust deed, reduced_pies. If it states that windfalls occurring within 3 years must be paid in to the trust deed and you are outside of this window then there is possibly a case worth arguing...
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
12/05/2011 4:58 pm
[:D]
Just got word have to pay 50% of my RP in to my TD. and that will be me payed up and I will be discharged.
Thank you both for your help.
12/05/2011 10:24 pm
That's wonderful news Reduced_pies.
I'm really glad to hear that you can move on now with some money in the bank.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
