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trust deed

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(@elainemilo)
Active Member
Joined: 12 years ago
Posts: 7
Topic starter  

if my trust deed is finished jan 2014, can they still take money while they are trying to get more money from me by adding on more things thanks


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi elainemilo.

There is a difference between completing your monthly contributions and your trust deed being finished.

It's finished when you're discharged.

If you have not been discharged and you come into money (or have remaining obligations under the original agreement) the trustee might well be obligated to collect that for the benefit of the creditors.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

Hi elainemilo,

Your Trust Deed is finished once you have been discharged and your Trustee has been discharged.

Have you received your Form 5? This is your personal discharge from your Trust Deed. You should receive this upon completion of all of your agreed monthly payments and providing you have complied with the Trust Deed. If for whatever reason there has been a problem during your Trust Deed then your Trustee can choose to delay your discharge and continue deducting payments.

If you have inherited or acquired any assets during the period of your Trust Deed then this would vest in your Trustee and it's their job to ingather this and to pay back as much of your debts as possible.

David is not currently posting in the Trust-Deed.co.uk forum


   
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