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Scottish Trust Deed Forum
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Topic starter
27/03/2012 1:28 am
my trust deed is was up after 3 years in aug 2011
have paid contributions of 7200 for self and wife
got PPI refunds of over 8000 redirected to trust deed
and although there was equity in house of 39000 offered 17000 to insolvency company do you think this is reasonable offer and why are they taking so long to accept offer was made in feb 2012
total debt i believe was nearer 34000
27/03/2012 9:52 am
Hi manatbushk.
It's really very difficult to comment on whether your offer to deak with the equity is a good one as we don't have enough information to judge.
What's really important is whether your trustee and creditors believe that the offer makes good commercial sense. There's some work involved in communicating all of this, so things are bound to take a little time.
Have you asked for a status update from your trust deed firm?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
27/03/2012 10:45 am
Hi manatbuchk
I agree with TDA. There is no set formula as such re the equity and this will be at the discretion of the Trustee.
I am surprised that they have not came back to you even to acknowledge the letter. maybe an idea to do a follow up and let us know how you get on.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
28/03/2012 3:06 pm
Can I ask how the equity payment is being funded? Just that most people are struggling unless a family member comes up with the cash to help out!!
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
