Forum

Hi Hawthorn, You've mentioned "IVA", given the forum, I'm assuming this is in error and you are in a Trust Deed? This is an important distinction as...

Hi Adam, In order to complete a Trust Deed early, you need to be able to repay the balance of your debts as at the date of signing, plus statutory i...

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...

@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, ...

@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...

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 ...

@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...

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, ...

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

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...

@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...

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...

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

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...

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...