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Hi,
I’ve been in a protected trust deed for almost 2 years now but i’ve lost my job due to no fault of my own what will happen to my trust deed?
Hi Shaun,
Your best option is to speak with your insolvency practitioner who will likely give you a payment break to give you time to get back into work. Your trust deed should just be extended to allow for the payment break.
Do you think you will be back in work within the next few months?
That’s a weight off my mind, i don’t know how long i’ll be out of work but hopefully i can buy some time.
That’s exactly right Shaun, even if you’re not sure how long it will take to get back into work it’s worth buying yourself time. Let us know how you get on.
Thanks Debt Advice Forum,
I spoke to my ip and they done exactly what you said and put my trust deed on hold for 2 months which should be long enough to get back into work.
Great i’m glad to hear you’ve got some time to get back into work. If you don’t manage to get back into work or have any other issues you can always find us here.
Thanks i will come back if need be but hopefully i should be back in work soon.
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