Trust Deeds

janicejanroxy

Hi, this is my first time posting and i hope someone can help. I am asking for a friend, she has a trust deed in place and is about to be made redundant. She will get a redundancy payment and also 12 weeks leui of notice. What she wants to know is will the trust deed take all her redundancy money and what about the 12 weeks leui of notice money? She also has the trust deed insured. I hope someone can help, thanks in advance.janice

anniecave

I took a look on google and found this link

http://www.trust-deeds.co.uk/trust-deeds.html

if there is an agreement in place then I would assume the agreement would continue until the end of the agreed term.

the friend I would say should be using the redundancy money and lieu of notice payment to support herself until she gets another job and should continue to pay the agreed amount as usual.

beanielou

Your friend needs to contact her IP & notify them of a change of circumstances.

madmurph

Hi all, I am new to this all aswell i have just started to enter into a trust deed after a long time feeling stressed about my climbing debt and to be honest until the guy who is arranging it called me back and told me all about it i just thought i was finished.Im a single father and beleive me i was panicking until the other night i dont think i have slept properly for months or eaten properly.I was also begining to think i had done wrong and i was alone until i started reading some of the posts on here now i have realised there is a bit of hope for us all cant wait until its all over and beleive me there will be no credit next time.
Good luck to us all.