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: 3rd Year of TD - but want to finish early 2021

BMC Hope you are well To bring your trust deed to an early closure, all debts plus interest must be settled as well as the Trustee fees. You ...

5 years ago
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RE: Inherited 50% of property during trust deed

Bill79 Can you provide more information - when did you enter the trust deed? The trustee only has an interest in the property is you acquire it ...

5 years ago
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RE: Car bought by relative

Hi Ksm No this wont present any issues. You are allowed a vehicle up to the value of ยฃ3k p

5 years ago
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RE: Final few months

Gibbo Congratulations for reaching this mile stone. Nearly there. The review is either completed every 6 months or every year depending on the f...

5 years ago
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RE: Scared of not getting protected

Yes nevelucie1 It is very rare a trust deed would fail to achieve protected status. Your trustee is experienced in knowing the acceptable parameter...

5 years ago
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RE: Stressing about annual review

Veemcd Try not to stress. The annual review is to ensure your payment has been assessed correctly and that you can still afford your agreed level o...

5 years ago
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RE: insolvency register

Morning An inhibition for a Trust Deed remains in place for 5 years from the date of registration. If the inhibition is still in place then you nee...

5 years ago
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RE: Redundancy on trustdeed

Morning Redundancy is very complicated I am afraid and the general rule is that your trustee is not entitled to any statutory element although the ...

5 years ago
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RE: Gifted money.

Morning Keeingupwiththejones It is unlikely your trustee would allow a break from your trust deed. Would it not be possible for your cousin to g...

5 years ago
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RE: Acquiring New House during TD

Jimmi If your family are in a position to purchase a flat for you then perhaps they can keep it in their name until such time you are discharged. ...

5 years ago
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RE: Advice needed. New into this

Mperezjim If you feel that you will be in a position to pay higher payments during the next few years then perhaps a Trust Deed isn't a suitable op...

5 years ago
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RE: Paying DAS early

Hi Kamboomba Yes you can clear off your DAS early if you wish. This involves a variation to reduce the term and is now automatically approved. ...

5 years ago
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RE: Sequestration - 6 Month Income Report ...

Morning Peter Your wife has the right not to provide the information however this can be detrimental in assessing your level of disposable income. ...

5 years ago
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RE: Caravan on finance

I agree with TDA It comes down to whether it is reasonable for your friend to keep the caravan. Usually with vehicles , your trustee allows the ...

5 years ago
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RE: Redundancy/Universal Credit

Yes Vicky Child Maintenance can be classed as income and you would be able to utilise funds to pay contribution p

5 years ago
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