Hi weebill Unfortunately the trustee will be entitled to look and seek a portion of this and unfortunately ( again) the portion could be high. M...
Hi CIF No, the trustee retains an interest in assets which existed at the time of signing. If there was an increase in the value of that pre existi...
I think you said I looked like Pat Nevin in the picture, rather than my natural George Clooney look in real life! Mark
Hi adama The section you refer to relates, I assume, to the period following the final distribution to creditors. For this to be effective, the tru...
Hi Lizs Thanks for the kind words. Like you, I can't believe its 3 years. The discharge and closure should be pretty quick as from memory there ...
No problem, I've been called far worse! In terms of the 32(6) relevant date relates to the time between the trustees appointment and the individual...
Hi Domino Yes, that would not be a problem and would certainly allow for an earlier discharge. Mark
Hi Domino Your discharge will happen once the equity has been paid in full, so it would be after the final payment at year 5. Mark
Hi xdenzelx (greaty name) It's amazing how many people comment on how quickly the time flies in. Most of the work is pretty much front ended and...
As TDA says, the Trustee has an obligation to the individual in the Trust Deed, but also to the creditors. There's a few points in the post which hope...
Cheers Hamish its a joy to get something unusual, just to see how things work in a case which falls beyond the normal. Common sense rarely preva...
The advice should always be to sit down & discuss everything and see what best suits the circumstances. Every set of circumstances are different an...
Hi 1681 It's incredible that your trustee is asking you to define the law under which he has taken the money! Advise him that the funds are acqu...
I was surprised as at first the claim represented more than a third. However they included the full mortgage, but did not deduct the value of the pro...
A list of restrictions normally applies to Sequestration. ie cannot be a Director of a Limited company, cannot obtain credit etc etc. These are not a...