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Scottish Trust Deed Forum
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Topic starter
27/07/2012 7:12 pm
I am on a 42 month trust deed, paying £150 monthly. I have found out that I am no longer entitled to working tax benefits of £43 monthly. What is my Trust Deed company likely to do about this? I cannot afford to pay more than the amount I am already paying them.
Topic starter
27/07/2012 7:28 pm
I was also wondering, because I earn £121 weekly, plus £130 child benefit monthly, would I be able to change from my T. Deed to LILA bankruptcy at all? As this leaves me probably unable to keep up the T. Deed payments. I owe around £10000.
28/07/2012 10:11 am
How are your earnings made up,is it from benefits or are you working? Who is your trust deed with?
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
28/07/2012 10:29 am
Hello chris.
Has another change in your circumstances led to the tax credits being changed?
You would need your trustee to end the trust deed before bankruptcy became possible.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
28/07/2012 10:54 am
I agree with TDA , you need to speak to your trustee . I know if it is reduction through no fault of your own, we would not penalise you, but some firms insist on the initial sum proposed being ingathered. If you want bankruptcy you would need the trustee to end the Trust Deed first ( using Reg 19)or for the trustee to apply for your sequestration - not so likely.
Shona is not currently posting in the Trust-Deed.co.uk forum.
