Hi Foxxymelons and welcome to the forum. There is nothing within the trust deed to stop you running your own business and I have a small number of ...
Hi Tony As it's under the old system, he needs to convene a creditors meeting to see the discharge. Nothing to worry about. Mark
Hi Tonyd I think if there has been an offer of composition and it has been agreed by the Trustee, then it is extremely unlikely that this can be al...
Hi Gallows88 Some firms carry out a valuation at the start and on the basis that you pay £500, no further valuation will be instructed. That way i...
Hi jimmybee No, there is nothing to stop you forming a limited company and being Director while in a Trust Deed or out of a Trust Deed. Any restri...
I don't think it's anything to worry about and as TDA says, it's probably not far behind. Mark
Hi johnd I would hope that the Trustee would not re do the income and expense and increase your wife's contribution as that would be a bit harsh. ...
Hi Scorpio1 I have dealt with a number of trust deeds in a similar position and it has had no real effect on the divorce process. In fact I've fou...
As TDA says, different firms will have different approaches to the closure process. Best idea may be to contact your trustee and ask them what the ...
Hi abbs30 Unfortunately it's impossible to tell without full details of the case. You will need to check to see what was agreed at the start and...
No problem, always glad to help. Looking at the information, sequestration certainly seems to be the best option as there is little point strugglin...
Hi Deeddone It is critical that the position with property is discussed and agreed in writing before you sign anything. If not, then the trustee c...
Hi mrsk Are you in employment. I assume from your post that you are not and receiving benefit income. On this basis there should be no contributi...
Hi Livilad Well done for getting to the end. The fee narrative is just standard wording and you cannot be held liable for any fees as Form 7 is th...
Hi FF36 Hopefully on Monday the trustee will at the very least give guidance in how to proceed. As mentioned above, in an ideal world the truste...