I meant to say that under the new guidance, discharge is now effective on registration as opposed to receipt of Form 5. Mark
Yes, if any windfall occurred before the discharge (Form 5) was registered in the Register of Insolvencies. Mark
Hi TDA I'd be surprised if acquirenda was altered by the wordng of the trust deed as it's determined by S.32 of the Bankruptcy act. This states ass...
Hi Amerfifer No problem. I've read enough stories on the forum to show that things don't always follow a logical process. Mark
Hi Amerififer In a word yes. Sometimes the easiest way to look at it ( very generally) is that the Trustee will require the total figure which was...
Hi Joannet Don't worry too much about the spolling! The vast majority of creditors in Scotland are dealt with by one company ( The Insolvency Ex...
Hi joannet You should not pay up front fees under any circumstances. The normal process appears to be a middleman who takes your details, charges ...
Hi Domino99 Good point and good luck. Mark
I think the devil is in the detail. If there was an agreement on day one to release a specific sum and this can be achieved with the sale, then there...
Hi Domino99 In a word no as the IVA is a separate process from the Trust Deed. I suppose it could mean one of 2 things, either have you entered a ...
Hi elaine I agree to a large extent with your point, however a lot will depend on what was agreed at the start in your particular case. Was the ...
Hi elainet1981 The main purpose of the Trustee is to pay a dividend to creditors in line with the proposal outlined at the start. The Trustee will...
Hi jamie12 The discretion is with the Trustee I'm afraid, although there is nothing to stop you receiving your discharge via Form 5 if they accepte...
Hi whitley87 Good post and very philisophical. I've been doing this job for 25+ years and it shows clearly how life changes from one moment to t...
Hi sezzie More than likely the bank will close it, normally by checking the register of insolvencies as most banks will cross check against account...