It is really important that once you are in a Protected Trust Deed, that monthly payments are made as agreed. If at any point your financial situation changes and the monthly payments are no longer affordable, then you must advise your Trustee to see if your payments can be reduced or perhaps the terms of your Trust Deed extended.
If you don’t keep up payments then your supervisor can initiate sequestration (bankruptcy in Scotland) proceedings against you. Please call DebtFC for advice on 0800 007 5307 or email at info@debtfc.co.uk DebtFC offering free debt advice and help, based in Livingston, West Lothian, Scotland, UK
