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JohnnyByron
Just Joined

1 Posts

Posted - 02 November 2018 :  06:51:43  Show Profile  Reply with Quote
I'm really struggling to pay my Trust Deed and this month I'm definitely not going to be able to make the payment - how does this affect my Trust Deed? Can my insolvency company arrange a break in my payments?

tinsoldier
Advanced Contributor

724 Posts

Posted - 02 November 2018 :  08:30:14  Show Profile  Reply with Quote
Hi

First let me say try not to worry too much. If you are unable to pay contact your trustee ASAP and Iím sure they will work with you. They will be sympathetic if you explain to them exactly why you cannot afford the payment.
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TDA (Debt Adviser)
Trust Deed Expert



12644 Posts

Posted - 02 November 2018 :  08:41:00  Show Profile  Reply with Quote
Welcome to the forum JohnnyByron.

What's causing the payment issue for you?

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Kevin Mapstone
Trust Deed Expert



3613 Posts

Posted - 02 November 2018 :  17:34:19  Show Profile  Reply with Quote
A Trust Deed should be flexible enough to take account of a change in circumstances or a temporary issue. You may be required to extend the term to make up the missed payments at the end, however, depending on the reason for the issue.

Recommended Partner & Trust Deed Expert - Ask me for help setting up a Scottish Trust Deed    
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