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 Trust Deed
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Colin.sw
Starting Member



1 Posts

Posted - 04 April 2012 :  20:01:12  Show Profile  Visit Colin.sw's Homepage  Reply with Quote
I have had a trust deed for the last 3 years and paid £2000 into it but I have not been able to pay into it for 18 months. I have additional debt totalling £5000 and have informed my Trustee of this fact but he is not interested and will not release the debt and enable me to go bankrupt.

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 04 April 2012 :  20:06:46  Show Profile  Reply with Quote
Hi,

I have no idea about trust deeds - I recommend that you speak to one of the experts via the link on the left hand side of the page for some free advice.

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe



Jan
xxx
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Kelly O
forum expert



United Kingdom
27 Posts

Posted - 04 April 2012 :  20:38:27  Show Profile  Visit Kelly O's Homepage  Reply with Quote
It will depend on why you have not paid your trust deed and if you have any assets?

If you have not paid due to circumstances beyond your control the trustee should not deny you discharge.

Kelly Osadare CertDR
www.melaniegiles.co.uk

If you would like any help or advice on any aspect of your debts do not hesitate to contact me.Debt Advisory Manager for Melanie Giles www.melaniegiles.co.uk
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keira22
Starting Member

United Kingdom
3 Posts

Posted - 04 April 2012 :  21:02:55  Show Profile  Reply with Quote
i have not payed trust deed because of severe gambling debts also the additional debt is because of gambling what the trustee wants me to do is pay him something every month and pay token payments to my new creditors but i cannot afford cant i see a solicitor and he can relaese me there must be a way.
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keira22
Starting Member

United Kingdom
3 Posts

Posted - 04 April 2012 :  21:05:37  Show Profile  Reply with Quote
quote:
Originally posted by Kelly O

It will depend on why you have not paid your trust deed and if you have any assets?

If you have not paid due to circumstances beyond your control the trustee should not deny you discharge.

Kelly Osadare CertDR
www.melaniegiles.co.uk

If you would like any help or advice on any aspect of your debts do not hesitate to contact me.Debt Advisory Manager for Melanie Giles www.melaniegiles.co.uk

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keira22
Starting Member

United Kingdom
3 Posts

Posted - 04 April 2012 :  21:07:18  Show Profile  Reply with Quote
i dont have any assets at all
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 04 April 2012 :  21:14:25  Show Profile  Reply with Quote
Hi,

Have you done anything about your gambling debts at all?

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe



Jan
xxx
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Kelly O
forum expert



United Kingdom
27 Posts

Posted - 06 April 2012 :  08:22:05  Show Profile  Visit Kelly O's Homepage  Reply with Quote
Any debt that you have aquired since the st deed cant go into a trust deed and you need to pay yourself.

The trustee has discretion to discharge you or not,
if you are employed the trustee can get a wage arrestment to take the money directly.

You should discuss the situation with the trustee, you can seek legal advice if you wish.

Kelly Osadare CertDR
www.melaniegiles.co.uk

If you would like any help or advice on any aspect of your debts do not hesitate to contact me.Debt Advisory Manager for Melanie Giles www.melaniegiles.co.uk
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