Hi aveda

I would only contact you if rejections were received which would cause failure or would not be withdrawn. We rarely, if ever, receive objections as we produce proposals exactly in line with creditirs own criteria.

Stop worrying, it will be fine.

Regards

Mark

Hello aveda.

What we've often heard is that many creditors leave it until the latter stages of the five weeks to respond.

For that reason many trust deed firms will wait until the five week period is ended before reviewing all of the responses and providing their client with an update.

As Mark says, this may be different if a major creditor was to cause a problem at an early stage. For you I'd suggest that no news is almost certainly good news.

The other thing I'd say is that if you read around the forum you'll find comparatively few threads where trust deeds haven't become protected. Good insolvency practitioners are fully aware of the acceptance criteria of major creditors and should therefore be able to point out any potential issues (if there are any) before the trust deed is even signed.

I know it's a nervous period for anyone who has recently signed though, and hope that the next couple of weeks will pass quickly for you.

Hello aveda,
i have signed my TD with Mark almost 5 weeks ago now. i think the big day is on Friday. saying that, yes, it went all quiet and i felt the same as you do. but the expected letters and calls from creditors were nowhere near as scary as i expected them to be. there were only a couple of letters, saying that payments were missed, and then, soon after, they wanted their credit and bank cards back, which kind of showed to me that they knew they weren't getting any more money off me and accepted the fact. As Mark and the TDA said already, if everything is presented in the correct manner, there should be nothing standing in your way. so, sit back, relax a little and wait.

Aveda......

I too signed with Mark and my Trust Deed went exactly as predicted so just relax.... Easy to say for me, but I was twitchy like yourself waiting for the 5 weeks to finish......

Hi

New news is good news when it comes to a Trust Deed. Iam sure you will be fine.

THANKS ALL FOR THE ENCOURAGEMENT

thanks to all for the encouragement, feeling a bit more at ease, although debt man at my house today was a shock. contacted t/d office and got advice on what tell them, hope all goes well for strid3r over next few days.

Remember when it comes to debt collectors, they cannot come into your house. Don't allow them entry. Once things are protected, you may have up to 6 months of phonecalls and correspondence. Some will be threats to come to your home. Pop them all in an envelope and send them to your trustee. I found the first 6 months stressful but it goes away. Keep talking to your trustee and they'll help you.

Can only echo Gillian's advice here regarding the debt collector - i would just politely close the door in his face after telling him one more visit and you will report him for harassment.

Just to confirm the advice from tinsoldier and gillian, debt collectors (as opposed to bailiffs) have no powers whatsoever if they visit your home.

A lot of the time they're used by lenders just to make sure that the person they're looking for still lives at the house rather than there being any expectation of collecting any money there and then.

And if he does come again don't hesitate to report him to the police - I know from experience (several of my friends are police officers) that they take such matters very seriously and ALWAYS follow up any complaints that have been made. They may take no further action on this occasion but if a few more people in the area report the same person then that's going to be a different story. And who knows? YOU may be the fourth or fifth person to report him and YOUR report may be the one that is the tipping point.

I to signed with marks company i week ago and have felt quite content since.I notice TDA coment re debt collectors and bailifs and have felt a stab of panick in my newly aquired content state!!I have been prepared for a knock at the door,although it hasnt happened,and am armed with information re trust deed etc...bailifs i am unprepared for and mind is now running riot! is that likely to happen or would you have prior warning?would you respond in the same way?

Hi cal.

Unless legal action has taken place at Court there will be no bailiffs.

I only mentioned them to differentiate them from "debt collectors" who have no powers at all.

oh thats fine....contented state resumed!!

Technical point for TDA we have Sheriff Officers in Scotland not Bailiffs....

Am soooooooooooooo Pedantic........