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Scottish Trust Deed Forum
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Topic starter
28/04/2016 5:14 pm
ACHIEVABLE RESULT AT LAST THANKS TO DAVID TANNOCK ÔÇôWYLIE & BISSET
My wife and I have both gone through the process of a Trust Deed and we are only waiting for the discharge to complete. What a relief!!
We initially went to four debt and insolvency companies and sat through the painstaking process over four days. We were confronted with confusion, inexperience and no result, in particular the threat of the loss our family home was continually highlighted through this experience.
It is worth bearing in mind that most of the companies with high profile advertising are commission based and they are not the leading agent as they pass you to profit based insolvency companies.
Finally, we found David Tannock at Wylie & Bisset.
What a relief, David was the most helpful and experienced, understanding and compassionate consultant we encountered. He explained the process in a language which we could understand, he answered all our questions without referring to notes or other collegues.
The fear and stress was considerably reduced after just our first meeting. We understood the process and we were comfortable speaking with David and happy with the outcome.
From that point and over the period of the Trust Deed David Tannock and Wylie & Bisset have given us no cause for concern through their efficiency, expertise, personal attention and courteous manner.
It would have been easy to accept the first company who made it possible for us to survive through our debt crises given the immense stress we were under, but we continued our search. The payments and outcome suddenly became achievable following our meeting with David.
We have nothing but praise for David.
28/04/2016 7:19 pm
Well done on getting to this stage freedom2016, please keep us posted when you recieve your form 5!
29/04/2016 12:10 pm
Perhaps David could explain why some people think they are signing up with one trustee then get sold to another? I know there has been a lot of discussion on here about one company in particular but I have never read anywhere that explains exactly why they did it. If the company is receiving fees for their work, is it not in their best interest to hold on to it? Surely if you spent time choosing the right one you should at least expect them to see it through till the end. Also, if someone is looking at the moment, should they or can they seek reassurance that they will not be sold on?
Vickie Smith
29/04/2016 1:42 pm
There are two scenarios really Lisa.
The first is that the initial point of contact is an intermediary rather than an insolvency practitioner. The intermediary firm could not themselves set up a trust deed even if they wanted to.
In this scenario a direct enquiry about who will provide the trust deed should be sufficient to establish the facts at an early stage.
The second is that a firm chooses to exit the market. There are many fewer people entering trust deeds than there were a few years ago - so naturally there has been some consolidation within the industry as a result of that.
There's probably less that people can do regarding this scenario. It's inevitable (in any industry) that changes will take place from time to time. The reassurance is that the new trustee will be subject to the same qualifications and training, the same regulation, and the same rules as the previous firm.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
13/07/2016 9:45 am
Form 5 (Discharge) received !!!
Once again David Tannock and Whylie & Bisset have exceeded our expectations and we are delighted with their expertise and efficiency throughout the process.
Highly recommended.
Thanks David !!
15/07/2016 7:46 pm
So wish I had gone with him and not KLM
20/07/2016 11:01 am
Hi Freedom2016,
Thank you for taking the time to post about your journey and experience using me and my firm to help you deal with the debts.
You highlighted it and I think that it's important to second a second opinion when considering your options to deal with the debts or in your case a third and fourth. Advice can vary from firm to firm and also how that firm handles a case can also vary. Also as you pointed out sometimes the advisor you originally deal with may not actually be the advisor or firm that will handle your Trust Deed from start to finish so it's important to check this.
For most people there shouldn't be any rush to enter into a plan as quickly as possible. The best advice we can give someone is to take their time, discuss all of their options with a qualified expert, ensure that they receive everything confirmed in writing and then proceed with the advisor they feel most comfortable with. If you do this then your plan should run smoothly and without any problems.
I'm pleased I was able to help you become debt free and I wish you and your wife the very best for the future.
Gleith ÔÇô thank you for the vote of confidence, it's kind of you to say that.
David is not currently posting in the Trust-Deed.co.uk forum
