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Scottish Trust Deed Forum
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Topic starter
11/06/2015 4:57 pm
A question about share assets.
If your trust deed includes a payment that must be made at the end to cover the supposed value of shares you owned at the start, and that company goes into liquidation before the end making those shares worthless, would that amount still be payable?
Thanks!
11/06/2015 6:03 pm
Hi DFW.
I guess that's going to depend on what was agreed at the start.
Was it already agreed that a fixed sum in lieu would be paid irrespective of future value?
Or was it the case that a sum might have to be paid on the value of these shares at a later point?
Probably one to check directly with your trustee.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
11/06/2015 6:05 pm
Hi TDA,
It was a fixed sum, agreed at the start so I'm assuming you're about to say that it will remain the same!
Kindest,
DFW
11/06/2015 6:12 pm
No!
Contact your trustee DFW - there's nothing to be lost from your side from making a case to them that this value simply no longer exists.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
12/06/2015 3:54 pm
Worth asking the question DFW. Is this a small company that you have had involvement in yourself, or a large national firm?
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