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Trust Deeds - FAQs
- What is a trust deed?
- Can anyone be appointed as the trustee?
- Are creditors bound by the terms of the trust deed?
- Can those creditors who do not agree to the trust deed take action to recover their debts?
- Can I prevent diligence being taken against me by creditors who do not agree to the trust deed?
- What is a Protected Trust Deed?
- What are the consequences of signing a trust deed?
- What happens when I sign a trust deed?
- How does my trust deed become a protected trust deed?
- What will creditors expect?
- What is paid to my trustee?
- Where does the money come from?
- What happens if my circumstances change?
- What happens to my debts?
- What happens if I do not co-operate with my trustee?
- What should I do if I am unhappy with my trustee?
- What if my creditors are unhappy with my trustee?