<?xml version="1.0" encoding="UTF-8"?>        <rss version="2.0"
             xmlns:atom="http://www.w3.org/2005/Atom"
             xmlns:dc="http://purl.org/dc/elements/1.1/"
             xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
             xmlns:admin="http://webns.net/mvcb/"
             xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
             xmlns:content="http://purl.org/rss/1.0/modules/content/">
        <channel>
            <title>
									Trust Deed v&#039;s LILA - Scottish Trust Deed Forum				            </title>
            <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/</link>
            <description>Trust Deed Forum | Scotland Discussion Board</description>
            <language>en-GB</language>
            <lastBuildDate>Mon, 20 Jul 2026 04:09:36 +0000</lastBuildDate>
            <generator>wpForo</generator>
            <ttl>60</ttl>
							                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/paged/2/#post-31465</link>
                        <pubDate>Wed, 27 Mar 2013 12:27:17 +0000</pubDate>
                        <description><![CDATA[Hi loupenny
	
	You&#039;ve already received some good information and advice here on the forum.
	
	If you do have any further concerns or questions about LILA or indeed your options please let us...]]></description>
                        <content:encoded><![CDATA[Hi loupenny
	
	You've already received some good information and advice here on the forum.
	
	If you do have any further concerns or questions about LILA or indeed your options please let us know as I am sure the team can help to put your mind at rest.]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>Sarah Jolly</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/paged/2/#post-31465</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31461</link>
                        <pubDate>Wed, 27 Mar 2013 10:11:07 +0000</pubDate>
                        <description><![CDATA[yes they did say i qualified and i spoke to an independant debt advisor who said the same but it was when i read about the minimum wage i got a bit worried.]]></description>
                        <content:encoded><![CDATA[yes they did say i qualified and i spoke to an independant debt advisor who said the same but it was when i read about the minimum wage i got a bit worried.]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>loupenny</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31461</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31460</link>
                        <pubDate>Wed, 27 Mar 2013 09:53:35 +0000</pubDate>
                        <description><![CDATA[I believe that it&#039;s minimum wage based upon a 40 hour working week loupenny.
	
	If you&#039;re working part-time you may well qualify.
	
	Presumably your trustee will have taken this into account...]]></description>
                        <content:encoded><![CDATA[I believe that it's minimum wage based upon a 40 hour working week loupenny.
	
	If you're working part-time you may well qualify.
	
	Presumably your trustee will have taken this into account when suggesting LILA to you?]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>TDA (Debt Adviser)</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31460</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31459</link>
                        <pubDate>Wed, 27 Mar 2013 09:49:28 +0000</pubDate>
                        <description><![CDATA[do you have to be on minimum wage to qualify for a LILA? I work part time but earn slightly more than minimum wage, would i still qualify?]]></description>
                        <content:encoded><![CDATA[do you have to be on minimum wage to qualify for a LILA? I work part time but earn slightly more than minimum wage, would i still qualify?]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>loupenny</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31459</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31454</link>
                        <pubDate>Tue, 26 Mar 2013 20:09:27 +0000</pubDate>
                        <description><![CDATA[I don&#039;t see it having any difference to the trust deed. Both will be on your credit file for 6 years.
	
	Mark]]></description>
                        <content:encoded><![CDATA[I don't see it having any difference to the trust deed. Both will be on your credit file for 6 years.
	
	Mark]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>Mark McFadyen</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31454</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31453</link>
                        <pubDate>Tue, 26 Mar 2013 19:40:45 +0000</pubDate>
                        <description><![CDATA[with regards to my credit for future and im not sure what the implications having a LILA in my history would be. Would i ever be able to get a mortgage or even a phone contract in future?]]></description>
                        <content:encoded><![CDATA[with regards to my credit for future and im not sure what the implications having a LILA in my history would be. Would i ever be able to get a mortgage or even a phone contract in future?]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>loupenny</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31453</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31449</link>
                        <pubDate>Tue, 26 Mar 2013 17:06:59 +0000</pubDate>
                        <description><![CDATA[I&#039;m not sure that it would leave you in a worse position loupenny.
	
	Is there a particular fear that you have in that respect?]]></description>
                        <content:encoded><![CDATA[I'm not sure that it would leave you in a worse position loupenny.
	
	Is there a particular fear that you have in that respect?]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>TDA (Debt Adviser)</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31449</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31447</link>
                        <pubDate>Tue, 26 Mar 2013 16:46:30 +0000</pubDate>
                        <description><![CDATA[im just worried if anything even slightly changes in my circumstances then i wont be able to make the payments and it will leave me in a worse position. We would hopefully be looking to have...]]></description>
                        <content:encoded><![CDATA[im just worried if anything even slightly changes in my circumstances then i wont be able to make the payments and it will leave me in a worse position. We would hopefully be looking to have another child in a year or so but finanically we could no aford it untill after the trust deed is complete.
	
	Yes, the Trust Deed is being extended to cover the lower payment so would be around 4 years now.
	
	i thought it may be best to just go throught LILA and get everything cleared and start a fresh but i wasnt sure if it would leave me in a worse position after its finished?]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>loupenny</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31447</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31443</link>
                        <pubDate>Tue, 26 Mar 2013 16:16:28 +0000</pubDate>
                        <description><![CDATA[Hi loupenny,
	
	I&#039;m sorry to hear that your financially struggling again due to the reduction in your benefits. I assume after entering the Trust Deed you felt a sense of relief and now this...]]></description>
                        <content:encoded><![CDATA[Hi loupenny,
	
	I'm sorry to hear that your financially struggling again due to the reduction in your benefits. I assume after entering the Trust Deed you felt a sense of relief and now this has happened.
	
	In terms of the differences between the Trust Deed and LILA (Sequestration) then there aren't that many. LILA is route into bankruptcy (Sequestration) so you need to be aware that this is what you would be doing. As Mark pointed out as no minimum dividend has to be achieved for creditors then the payment and expenditure allowances can be taken into consideration in full and a payment set at a more manageable level and for 36 months.
	
	If your already struggling at the moment then with the pending nursery fees to come at the end of the year it may be best that you consider sequestration as a more suitable option now due to the change in your circumstances. If you felt that you could continue with your Trust Deed but at a reduced level then this may extend the term of your Trust Deed beyond 36 months or the agreed timescale you have entered into with WA and you should be mindful of that.
	
	The best thing to do is speak with WA to establish what options you have available based on the change in your circumstances. A member of their team follows the forum and I'm sure they will be along soon to help.]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>Chris Wardle</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31443</guid>
                    </item>
				                    <item>
                        <title>RE: Trust Deed v&#039;s LILA</title>
                        <link>https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31442</link>
                        <pubDate>Tue, 26 Mar 2013 15:40:53 +0000</pubDate>
                        <description><![CDATA[I&#039;m not sure that there&#039;s much difference to your credit record whether you carry on with the trust deed or become bankrupt loupenny. I&#039;m not sure either that this is the most important fact...]]></description>
                        <content:encoded><![CDATA[I'm not sure that there's much difference to your credit record whether you carry on with the trust deed or become bankrupt loupenny. I'm not sure either that this is the most important factor.
	
	It does sound as though you're sceptical that you could keep even the reduced trust deed payment going?
	
	If your payment is reduced would your trust deed be extended to make up the difference?]]></content:encoded>
						                            <category domain="https://trust-deed.co.uk/forum/scottish-trust-deed-forum/">Scottish Trust Deed Forum</category>                        <dc:creator>TDA (Debt Adviser)</dc:creator>
                        <guid isPermaLink="true">https://trust-deed.co.uk/forum/scottish-trust-deed-forum/trust-deed-vs-lila-1350/#post-31442</guid>
                    </item>
							        </channel>
        </rss>
		