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Scottish Trust Deed Forum
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Topic starter
24/02/2015 6:32 pm
Scott and Co have said they will sequestrate me unless I pay the full amount due to them (which is not included in my Trust Deed) while I still have a current secure Trust Deed for other debts. Can they do this?
24/02/2015 6:57 pm
Hi Eveyb
I assume they mean that the Council will petition for sequestration if the debt remains unpaid.
If this was incurred after the trust deed was signed and they are a qualifying creditor, then they can petition for sequestration. This will take over from the trust deed.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.