My wife, who is not in a trust deed was refused a contract from Car Phone Warehouse. It seems that because we share the same address, she is financial...
Hi Just an update. I have talked with my trustee, he is in the process of making an offer of early payment to my creditors. He informed me that the...
Thanks again for the advice. The share holding will be a nominal sum probably £1000. I'm still hoping my trust deed will be settled early by a third...
Thanks again Mark. That really helps put my mind at rest. The business is still trading.
Sorry to bump this topic. But I am keen to clarify the situation before I speak again with my Trustee.
Yes, the company is a creditor. (The directors loan account). I'm sure that is how we need to account for it. Like you say, let's see what the exp...
Another issue I've just thought of! If the creditors agree, there is a possibility that my TD will discharged early. Does this have implications for ...
That's is what my accountant thought too. He does not specialise in insolvency. I thought I would seek advice through the forum. I suppose when the ...
I am no clearer from my discussions with my trust deed manager. He keeps referring to the senior partners before answering my questions. However, I fe...
Hi Kevin Thanks for the reply. I'm sure you are right. Do you know iif there are any guidelines or precedents regarding proposals of this type? Par...
Hi Mark Yes you summed that up perfectly. However they are "your debt experts". What I find hard to understand is why they feel the need to offer...
To update. I finally got a reply from the trustees. It seems they would expect to receive a sum equal to all remaining payments plus an extra £1000. ...
Thanks again for the advise. I will give the trustee a ring to ask for his views on this, as he's has not replied to my email.