I believe that when you the debtor is discharged any windfall is yours to keep,as far as I am aware you have done your part of the deal by making all your payments, so in effect your part of the agreement is finished.Matbe the experts can shed more light though.

That was what I though Jimmybee, but heard something that conflicts with that so I was wondering why bother discharging before the Trustee is ready.

When the debtor is discharged you have met your side of the td and paid in what you have to, so any windfalls are yours to keep.

Paul

To define the answers ( slightly) a windfall is regarded as a new asset which did not exist at the time the trust deed was signed and therefore would not go to the trustee. PPI however existed prior to the Trust Deed being signed and would go to the Trust Deed. The key point is the date it originated/existed and the individuals entitlement to it.

Mark

So Mark am I right in thinking that only when you are discharged from both can you be really free to benefit from any windfall from ppi etc which may have been missed by the trustee during the trust deed period.

Hi jimmybee

Yes, once the Trustee is discharged, he/she has no authority to pursue or receive and funds after the date of discharge.

Mark

Thanks Mark,that helps so much, to people who may have something to come. although no chance for me as the trustees got all my ppi such is my luck lol.

So what if someone received an inheritance or won the lottery after they were discharged but their trustee was "still in office"? Sometime there is a long time between one being discharged and then the other, just trying to understand the rules.
Thanks for the replies

Hi saabrina.

I think the answer is going to be that you keep them. They didn't exist before your discharge, unlike the potential for PPI claims.

Trust Deed Assistant is right, once you have been discharged then you have no further financial obligations to the trust deed or your creditors.