Your Trust Deed could be rejected by your creditors. Will you be forced to go Bankrupt if this happens? What can you do if your Trust Deed is rejected?
Trust Deed FAQ
Windfalls normally have to be paid into your Trust Deed. Can you keep any part of the windfall? Will a windfall mean your Trust Deed is paid sooner?
You pay as much as you can afford into your Trust Deed. You have to pay in all of your Disposable Income. Is there a minimum payment? Are the payments fixed?
Can you still pay into your pension fund if you start a Trust Deed? What if you are drawing a pension income? Can it be settled early with a pension lump sum?
It is possible to start a joint Trust Deed. What if one partner only has a few debts? What if one partner earns all the income? When should they be avoided?
Your payments could change after your Trust Deed has started. What happens if your income or living expenses change? Can the length of the agreement change?