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Topic starter
28/11/2015 11:25 am
Hi again, Its been some time since I've posted!
I was discharged from my Trust Deed in Feb 2015 after successfully completing all payments. And my trustees discharged themselves last month.
My quick question is if I had an opportunity to be a Director of a company next year could I take up that position?
My Trust Deed run from Sep 2011 to Feb 2015.
I had previously been a Director of a company from Aug 2007 to Feb 2009 at which point I resigned the Directorship.
The company I had been a Director for had a number of other Directors but they had gone out of business a few months after I resigned. I was not involved in their liquidation process.
Would you think I might be free to take up a position? Thanks.
28/11/2015 12:08 pm
Hi DontDoDebt.
Easy and positive answer to this one for you.
You can be a company director during a trust deed, so there's certainly no issue afterwards.
It's bankruptcy/sequestration in which you cannot be a company director until you've been discharged.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
28/11/2015 12:24 pm
Hi TDA,
Thanks for the speedy reply which is appreciated! Oh well, food for thought for next year...
30/11/2015 9:50 am
Hi DontDoDebt,
Like TDA has advised no issues with you taking up a directorship.
If the company comes to borrow money then there could be an issue with your creditor rating if a lenders looks at this. Just something to keep in mind.
Sounds like 2016 might be a good year for you. Good luck.
David is not currently posting in the Trust-Deed.co.uk forum
