Paul McDougall
Paul McDougall
@paul-mcdougall
Moderator
Member
Joined: Jul 16, 2019
Last seen: Jul 31, 2023
Topics: 1 / Replies: 163
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RE: Can I go bankrupt when in a trust deed

Morning Sue4891 Thank you for being so open and honest about your situation. I agree with Kevin, a sequestration may help but will not deal or p...

6 years ago
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RE: New to trust deed

Morning Nics07 Don't worry about contacting your trustee. They are there to help and assist. It is a common question that is asked. As TDA has ...

6 years ago
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RE: Insolvency Register Query

Morning Sunny Details from the Register are removed 12 months after the trustee is discharged from your case. As you do not own the property tha...

6 years ago
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RE: Some advice please

I agree TDA - if you enter into a DAS plan, your assets are considered but not taken into account. Under a trust deed, assets are conveyed to the t...

6 years ago
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RE: Closure

Well done totalneep. Remember to keep your form 5 discharge certificate safe ! p

6 years ago
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RE: Trust Deed and Self Employment

Generally speaking, trust deeds are unsuitable for sole traders with staff and/or trading premises. This is because under the Employment Right Act ...

6 years ago
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RE: Trust Deed

Trustdeed2k19 Sorry to hear about your situation. I hope you have found the strength to reach out to your GP and/or appropriate counselling service...

6 years ago
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RE: DAS arranged DPP QUESTIONS

Morning As part of the DAS Regulations, you are required to complete an annual review. If you are in the position to settle all debt then that i...

6 years ago
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RE: Last year of trust deed (hopefully)..

I agree with the comments made. I can also see no reason why your trustee wouldn't be prepared to accept an early repayment to close the trust deed...

6 years ago
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RE: Protected Trust Deeds Enquiry - Call For Evidence

I completely agree David. Trust Deeds are a fantastic debt solution for people who find themselves unable to meet their current debt commitments. U...

6 years ago
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RE: Bank arrestment

Gresgow When a Sheriff Officer arrests your bank account, the arrestment takes effect immediately, but it only seizes the funds in account at tha...

6 years ago
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RE: Experiences

Morning 1985 Creditors do have the option to accept or reject a trust deed. Credit Unions will consider each proposal under their own merits and m...

6 years ago
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RE: Worried Newbie

DW2015 When you enter into a trust deed, your assets are conveyed to your trustee and an agreement is proposed to creditors. If you have equity ...

6 years ago
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RE: DAS

Hi tda If your payments move from monthly to weekly then a variation is required . I do not foresee your creditors rejecting that ! I agree with t...

6 years ago
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RE: House sale - sequestration

Mumtomany I would recommend speaking with your trustee to ascertain the position. Notwithstanding your discharge the property may continue to vest....

6 years ago
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