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Trust deed enquiry... please help!
evadanit
Posts: 25 Forumite
I've recently relocated abroad and am currently under a Trust Deed in Scotland. Where I have 2 and half years left to pay off the trust deed then I will be Debt Free in UK. I have now settled in my overseas country and have no intention of going back to the UK.
My inquiry is basically to cancel my trust deed monthly payment in Scotland and go bankrupt in UK.
My trust deed company don't know that I have moved abroad, and I am paying via my English bank account.
Can you provide me with some advice if I take this action questions are as, Notify the Trust Deed that I wish to go bankrupt, and what will the steps be to take this route as follows:
1. Will I have to go back to the UK and go to court ?
2. Will I need to provide any further income and expenditure evidence that I cannot afford the trust payment ?
3. Will it be basically that the Trust Deed will handle the case and organise the bankruptcy on my behalf without me attending any interviews etc..
I look forward to hearing from you
My inquiry is basically to cancel my trust deed monthly payment in Scotland and go bankrupt in UK.
My trust deed company don't know that I have moved abroad, and I am paying via my English bank account.
Can you provide me with some advice if I take this action questions are as, Notify the Trust Deed that I wish to go bankrupt, and what will the steps be to take this route as follows:
1. Will I have to go back to the UK and go to court ?
2. Will I need to provide any further income and expenditure evidence that I cannot afford the trust payment ?
3. Will it be basically that the Trust Deed will handle the case and organise the bankruptcy on my behalf without me attending any interviews etc..
I look forward to hearing from you
After working for a call center in Clydesdale bank I realised that reading the small print is the best thing to do in this World! :rolleyes:
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Comments
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Sorry cant help.
Know a wee bit about TD's but not enough to answer your questions.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Might be worth posting this one on the bankrupcy board.
Too long ago since i looked at bankrupcy abroad - i think there is something about being resident in the uk while bankrupt, but can't remember now. sorry.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110
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