Most professional IP's would know what they are doing and what your creditors are looking for when they prepare your Trust Deed so the vast majority of Trust Deeds become protected.....

My largest creditor was also the Clydesdale Bank although I only owed the ?ú12k and to be honest they of all my creditors gave me the least amount hassle......

I know the waiting is the worse bit, but am sure your be ok, and once it does your feel a huge weight come off your shoulders.....

Good Luck

Hello amorphous and welcome to the forum.

Porcupine is absolutely correct, trust deed companies that handle a decent volume of cases know what certain creditors will and will not accept. If they thought that there was any issue they should have informed you in advance.

I very much doubt that any legal action will start within 5 days and even if it did it would have little chance of working its way through prior to the expected date of protection.

I am not aware of any official statistics on the percentage of trust deeds that become protected trust deeds. If you read the interviews with our experts on this website I think you'll be reassured by the percentage of the cases that their companies handle that do become protected trust deeds.

In the unlikely even that the trust deed does not achieve protection any sequestration can be handled quickly so wage arrestments are very unlikely.

In terms of creditor hassle at any stage from the point you instruct a trust deed company you should let them know what is happening so that they can try to deal with it for you. You're paying their fees and are entitled to their assistance in this.

I do hope that everything goes as you hope that it will; please let us know.

Thanks to you both for your responses.

It must take a lot of patience to read and respond to all these problems, and its greatly appreciated.

I guess there is no point in worrying too much about events which are out of my control now anyway!

Hi amorphous,

I'm glad that the forum has been useful for you.

It's genuinely a pleasure to help answer people's questions here and, like the other experts, the bonus is that I'm constantly learning (and am often also very surprised) by the subjects and situations that are described.

The forum itself has also become a bit of a library of knowledge that I know a lot of visitors take a lot of time to read through.

What has been really good to see recently has been other forum members helping each other out and providing support (as Porcupine has done on this thread). While the experts can answer the questions, it's at least as valuable when real-life experiences are shared by people who have faced similar situations and challenges themselves.

HI amorphous,

We all wish you luck on your TD becoming protected.
Most of us who use this site have all been in this position and it can be a worring 5 weeks. I signed mine in January and it was stressful 5 weeks. As Porcupine says most TD companies are good.They only will put a TD forward if it has very good chance of being accepted.Mind and let us know how you get on.