nm89
@nm89
Active Member
Joined: Aug 28, 2023
Last seen: Jun 20, 2024
Topics: 0 / Replies: 14
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RE: Trust deed or sequestration

Hi Theo, You say "of course half of that is my wife", though I must stress this is only the case if your wife is on the title deed. Your comment doe...

6 days ago
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RE: Selling House

@smit0310 There's a potential solution to this. You mention being in Year 5 of a 6 year Trust Deed. The final 2 years are presumably due to equity, ...

2 months ago
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RE: Trust deed or DAS not sure

@layercake Hi Layercake. If I've interpreted your first post correctly, you have £16k debt, and your partner has £15k? Your share of equity is £31.5...

2 months ago
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RE: Wage increase

Hi Tulip, your contribution is the balance of your income less your expenditure. Definitely let the Trustee know about the new income, but also about ...

2 months ago
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RE: Trust deed rejected

@cb1998 To echo Kevin's sentiments, I'm very surprised that the Trustee proposed a Trust Deed with a credit union as a sufficient creditor - did their...

2 months ago
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RE: Trust deed rejected

Hi CB1998, There really isn't much need to panic at all. A debtor led sequestration should involve a similar process to a Trust Deed at the outset, ...

2 months ago
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RE: Trust Deed Queries

@sa1976 Happy to answer these on a general level, though I would recommend picking up with a money advisor and discussing your specific circumstances,...

2 months ago
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RE: Phone contract

Hi Cb1998, some phone providers give you 2 different agreements, one is an unsecured loan for the handset, the other is a contract for calls, data etc...

2 months ago
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RE: Trust Deed Queries

@sa1976 A DMP is one route, though be aware your creditors can move the goalposts if they wish and can continue to apply interest. You might want to c...

2 months ago
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RE: Trust Deed Queries

I completely appreciate that fraud is not the intent, however when we break down the position, there isn't much of a way around it. When Party A pai...

2 months ago
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RE: Trust Deed Queries

Hi Sa1976, To answer your queries in order: 1 - Yes, provided the debt existed at the date you granted the Trust Deed. Successfully completing...

2 months ago
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RE: Advice - Disability Benefits

Hi Emsfoll, The short answer is to double check the structure of your proposal and discuss with your Trustee. In general terms, there should be no...

3 months ago
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RE: Mortgage advisor

Hi DCAM, The odds of an individual getting a new mortgage whilst subject to a Trust Deed are almost non-existent. A few points to note: 1) You c...

4 months ago
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RE: Debt not in trust deed

@dcam Hi DCAM, just to build on this, whilst you may not have declared the debt at the time your proposal was drafted and the creditor was not detaile...

10 months ago