- Wed Aug 26, 2009 3:47 pm
#684
Although there cannot be a 100% guarantee, it is unlikely that your Trust Deed will be rejected. Your insolvency practitioner will advise you as to the likelihood of acceptance and will not normally proceed with the application if they are not confident of success.
However, in the unlikely event that your trust deed is rejected, you are returned to the position that you are in now. You are not forcibly made bankrupt. You may then choose to consider a debt management plan or propose the Trust Deed again.
However, in the unlikely event that your trust deed is rejected, you are returned to the position that you are in now. You are not forcibly made bankrupt. You may then choose to consider a debt management plan or propose the Trust Deed again.
Need to talk? Call 0800 077 6180 between 9am and 6.30pm.
Further in depth help and advice available on our website: www.beatmydebt.com
Further in depth help and advice available on our website: www.beatmydebt.com