|
|
| The independent answer to your debt problems | login join |
|
twitchy
| 07-06-2007 09:38 PM |
|
Joined: 07 Jun 2007 Posts: 2 | Hi all I am afraid I have come to this forum a bit late for me. I have already signed my Trusted deed. I have one question, which is bothering me and that is can my creditors change their mind? If they do what happens? I suppose I am too used to worrying about money, I need create something else. Hope someone can help. twitchy |
| DW George | 07-06-2007 10:20 PM |
|
Joined: 01 May 2007 Posts: 158 My Profile | Hi twitchy It all depends on whether your trust deed has been protected. If it has been protected then you don't have to worry about creditors changing their mind. The protected trust deed is formal and legally binding agreement. However, if its not protected then the creditors can change their mind. Let me know about protection. George |
| James H | 12-06-2007 09:59 PM |
|
Joined: 27 May 2007 Posts: 32 My Profile | Twitchy Your creditors only have a five week period to object to protection for your Trust Deed. The five weeks starts from the date that your protection application is printed in the Edinburgh Gazette. The advert in the Gazette would normally appear within two weeks of you signing your TD. Hope this gives you an idea and stops your "Twitchiness", check with your Trustee, they will tell you the exact current position. |
|
twitchy
| 13-06-2007 09:38 AM |
|
Joined: 07 Jun 2007 Posts: 2 | Thanks for your help. I have spoken to my IP today and he has told me that my application will be printed this week (Friday?)in the Edinburgh Gazzette. Twitchy |
| James H | 13-06-2007 08:47 PM |
|
Joined: 27 May 2007 Posts: 32 My Profile | The clock is now counting for you. Although objections from creditors are increasing, protection is granted more often than refused. Stay in touch with your IP. If they thought that objections were likely they should / would have told you so. |
