Having got through the other end of a trust deed I can honestly say there was no preying on vulnerable here. The problems nearly always arise through lack of understanding and communication breakdown.

Do you have a repayment plan with the mortgage company?

If you register on the account in bankruptcy website you can search to see if your trust deed is still listed. Did you tell your trustee that you are in arrears with the mortgage?

As for who would do what its more likely that the mortgage company would start proceedings to take the house back before your trustee would take any action.

How much equity is realistically in the house?

Paul

Hi.i finally managed to speak to someone concerning trust deed,ive told them about the arrears,ive to fill in and return the claim forms for ppi once ive done that they will release me from the trust deed but only once they have recieved the forms and tried claiming basically since the morgage is a secured loan the trust deed folk wouldnt be able to do anything about it ,phoned mortgage lenders again and explained whats happening so their sending someone out to do a financial appraisal then take it from there.
There wouldnt be enough equity in the house to pay back my debts so as far as trust deed goes it wouldnt be beneficial to them they would go down the route of bancruptcy.
at least im a bit clearer on where i stand with everything,it just gets frustrating when any other debt advice places clam up as soon as you mention trust deed due to it being a legal and binding contract,has anyone else had same problem as me where the people dealing with youre trust deed keep changing? every time i phone theres someone new dealing with it.

Hi fedup.

I'm pleased to hear everything is becoming more clear now.

It must be really frustrating when changes in personnel makes it tough to get answers.

Strange...i posted a reply on here yesterday but its not showing up....

ahhh. got it sorted im about as good with technology as i am with money !