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Can an individual creditor refuse to accept a trust deed?

April 26, 2017Creditor deed individual refuse Trust

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Can an individual creditor refuse to accept a trust deed?

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So long as the creditor is informed of the proposal and that creditor does not represent more than one third in value of your creditors it cannot refuse to accept the trust deed. It is therefore vital that you inform your trustee of all debt you owe at the date you sign a trust deed. You must never exclude a creditor, nor should you continue paying them after you have signed a trust deed.