Notifications
Clear all
Scottish Trust Deed Forum
6
Posts
4
Users
0
Reactions
1,358
Views
Topic starter
11/03/2013 10:44 pm
If a Trust doesn't become protected, what's next ?
11/03/2013 10:47 pm
Hi Bob
Most firms will know exactly the criteria to get it protected. The vast majority work to a set criteria, so there should be no issues (hopefully)
In the unlikely event it fails, then sequestration may be the next option. However I'm sure it will be fine.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
11/03/2013 10:49 pm
Do you ever sleep Mark 🙂
Thanks again
11/03/2013 10:52 pm
Staying up to watch Gordon Ramsey!
Too much coffee I think.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
12/03/2013 10:43 am
Sequestration isn't necessarily the only option in this circumstance though Bob1508. For example you could set up a DAS payment programme instead.
As Mark says though, trust deeds failing to become protected are few and far between for insolvency practitioners that know what they are doing.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
12/03/2013 2:09 pm
quote:
Originally posted by Kevin Mapstone
Sequestration isn't necessarily the only option in this circumstance though Bob1508. For example you could set up a DAS payment programme instead.As Mark says though, trust deeds failing to become protected are few and far between for insolvency practitioners that know what they are doing.
Pity theres a few examles of some who dont!!
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
