Hi Haggis It is certainly a good idea to get these things in writing. I don't see the creditors being a problem in accepting the proposal as the...
The general guide is that the value at the start will be the value taken. This should not change as the equity figure should be agreed at the start. ...
Hi Texas0073 In a word yes. The first 36 payments are allocated towards contributions and each payment after that goes towards reducing the equity....
Hi Stevies1980 Unless it a material amount, it's unlikely to have any effect on things. The income and expenditure is calculated on joint income/e...
Hi Gallows88 It's probably an idea, although the Trustee would seek proof of the claim in any event. Belts and braces in these things though! ...
Hi TDA I think you could be right, there certainly seems to be mutterings that any rise will be sooner rather than later. Although I tend not to f...
Hi Baller1 Yes, the Form 5 could be used as well as the Register of Insolvencies as this would confirm the position. Generally, the Trust Deed w...
Hi Stevies1980 I don't see the car being an issue for you as there is a £3k limit, so if the car falls below this value, then it is excluded. Yo...
Hi Neverendingstory No problem. Glad it's sorted. One of the key things is knowing that when all matters have been concluded, you have a defini...
I think it's always difficult when you've dealt with one person throughout a period of time as it's always good when you can pick up the phone and at ...
Hi Baller1 As TDA says, even unknown debts will be discharged. That is why there was a public notice in the Edinburgh Gazette and now the Register ...
The Trustee will need to be satisfied that any money was indeed a loan and there was an agreement in place for it to be repaid. The other thing to ...
Hi Bluethunder Trying to look at this from another side, you don't need to do anything with the house. You should advise the Trustee that you are ...
Hi CIF I tried as hard as possible to put the words Form 5 into the post as many times as possible! It's good news that they are progressing to ...