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Scottish Trust Deed Forum
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Topic starter
16/08/2012 5:27 pm
Can someone clarify a situation that may arise...There is a strong possibility that a large work bonus may be available to me within the next few months...approx £10k...All of this money should go to the trustee or a large percentage ?...answers on a postcard please !...thx
TMC
16/08/2012 5:55 pm
Hi trident227.
Some trust deed firms agree a split of extra earnings to incentivise individuals to benefit both themselves and their creditors.
I'd get in touch and find out what will happen.
For other readers, this subject of extra earnings is a good one to agree and get confirmed before you start a trust deed. In some circumstances it may make the term of the arrangement pass a little more easily where overtime or bonuses can be earned.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
25/08/2012 1:59 pm
Spoke and found it they will require 50% of any bonus....happy days!
TMC
25/08/2012 11:05 pm
That's great trident227.
From your previous posts here I thought we'd hear that outcome. Glad to hear that both you and your creditors will benefit from your hard work.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
