Anyone please reply or comment?any suggestions?

To check if you are protected yet go to the AIB Website on the right hand side near the top click on register of insolvencies. sign up search your name and your should see there if you have a PTD.

If not do what you can to get an answer from your IP, there will no doubt be a period of transition.

In the meantime if you are protected put your monthly payment aside if you have not had a standing order set up so you done end up behind and again IF you have a PTD you are not obliged to pay any creditors who are included in your trust deed

hopefully an expert will get on to help soon

Hi ibmstyle.

There is some upheaval at RSM Tenon (which was recently taken over by Baker Tilly). Hopefully that will all be resolved very soon - I can imagine that it must be frustrating and worrying for you not to know exactly where you stand.

This is a company that have been great for many visitors to the site over a number of years - unfortunately things there have had to change as a result of other parts of RSM Tenon's business getting into difficulty (which has been widely reported in the media.

We've left a couple of voicemails to see what up-to-date developments people are in a position to tell us and will post an update for you as soon as we can.

From what we do know I think this will all end OK for you but I understand that this kind of vague statement doesn't help you greatly right now.

Yes it's still not clear for me what should I do?hopefully creditors won't be able to take action against me.i have left message in the new company to contact me what's the situation.lets see.but Kevin here should reply me what's going on and if he has access to any of my information.here at this forum you shouldn't represent fake companies which don't last for longer because public get advice here and they are misguided.i had so much trust in Rsm Tennon due to this forum but am so much disappointed.should I continue to pay my monthly payments because I have already paid two installments.will my money be safe?can I switch to another company or no

Hi ibmstyle.

It's not a fake company - RSM Tenon and Baker Tilly are both very large companies. Obviously we didn't see these changes coming, nor did the staff at the firm. You should bear in mind that it's common for staff to be amongst the last to know what's going on when there are strategic changes like this, and they may be restricted by their employer from commenting publicly even if they are aware.

Insolvency practitioners are very carefully audited on how they look after client money and they're required also to insure the money. I don't think that you need have any concerns in that respect.

This will be very frustrating for you, but I think the best thing to do is to wait for a little while at the moment. Hopefully you'll not need to change anything at all. It's not in anyone's interest at any of these firms for your case to fail and/or for unnecessary bad publicity to result.

So if I wait will they contact me myself or what

I think there's a few things there that just need to resolve themselves ibmstyle.

We'll add to the forum when we know more. I'm sure they'll want to contact all of their clients when they know more as well.

Hi ibmstyle

I think the best thing to do at present is to check with the AIB either by phone or via the Register of Insolvencies to see if the Trust Deed has been registered as protected. That at least would give you the current position.

I would have thought with the time that has elapsed, creditors would have received the proposal. When submitting the proposal to creditors, you should be copied into the circular. If you have received a copy of this, then at least you know it has been sent. If you have not received a copy, then it may be that this has not yet been sent.

Not sure if the above makes things any clearer unfortunately.

Mark

Baker Tilly should at least be contacting anyone who they have inherited from RSM Tenon to inform them of new contact arrangements etc. Poor show otherwise.

They have taken the business on so no excuses about being too busy.

Ibmstyle dont panic, check on the aib website or register with noddle and check your credit file to see if the td is listed.

Paul

Hi I checked the Aib website and it's not showing my name which means it hasn't been registered yet and yes I had received a copy of circular sent to creditors but only few have admitted that they have received it and are not contacting me but rest still contacting me and say that they have been waiting but didn't hear anything from Rsm Tennon yet.yes baker Tilly should come forward and clear the situation and atleast at this forum Kevin representing them should give us some more info

Hi ibmstyle.

Has your trust deed been advertised on the Edinburgh Gazette? You can check on their website. If it has your creditors will have been written to.

Knowing Kevin as we do he'll say more when he's allowed to, or ask us to do it on his behalf.

Yes it was advertised on 6th September

OK - that's a positive sign at least ibmstyle.

A least you now know that creditors that are saying they've heard nothing about your trust deed are either disorganised, mistaken or untruthful.

You also have something official to point them towards if they don't believe you.

Hi ibmstyle

It makes no difference if creditors are stating they have received no correspondence as the advert is proof enough. The vast majority of creditors are dealt with between 2 or 3 groups who will handle matters on their behalf. It is fairly common for creditors to state that they have heard nothing.

Hopefully Form 3 has been submitted to the AIB as they can sometimes be a wee bit sticky if it's done later than 4 weeks.

Probably best to call the AIB and see if Form 3 has been submitted, that way at least you know that it is in the process of being registered as protected.

Mark