I thought so. It is a very unfortunate case. In that you have provided a proposal that would allow creditors to be paid in full plus interest. However...
Is the confusion that there is sufficient equity in an asset to all creditors to be paid in full, but you have instead proposed to make monthly contri...
I would email to clarify the position yes. If there is a possibility they can pay the balance early then the may conduct a early review.
I must advise you not to do that. You will be in breach of the Trust Deed terms on several levels. By not informing the trustee of a payment, and pref...
I would always advise a client to maintain their mortgage payments as the property is not being formerly surrendered to the secured creditor. However...
Possibly. As an asset of the Trust Deed estate your Trustee will have an interest in this sum. How much I hear you ask? Will that will depend on the...
Just to confirm make it clear you have a third party to pay your remaining contributions, not to pay off creditors as they may think you wish to pay e...
I agree there seems to be a misunderstanding here. If the remaining contributions are to be made by a 3rd party either via contributions or a lump sum...
I would agree at this stage in the case it would be unlikely to increase payments I would rather take the increase against arrears of contribution and...
Happy to be of assistance am123456. I am fairly new to the forum but I have been impressed by the knowledge and friendliness of everyone involved.
I am sure the Trustee would welcome the keys to the property to sell with your consent? This combined with reular payments towards arrears even whils...
Unfortunately you cannot. A Trust Deed is a legally binding agreement which you must fulfil. If you disagree with the Trustee's view on contribution a...
As unfortunate as it is the Trustee has a duty to carry out and if they do not do so they risk losin their license. They get monitored by their govern...
The mortgage company would only have a say in the sale price in 2 scenarios: 1. When they are fronting the repossession action; 2. When a sale wil...
In short, never! Although I don't check credit reports I work in insolvency but have never had a client who has experienced this. Very strange. Not...