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What if my financial situation changes whilst in a Protected Trust Deed (PTD)?

April 26, 2017changes deed financial protected PTD Trust

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What if my financial situation changes whilst in a Protected Trust Deed (PTD)?

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Under a Protected Trust Deed (PTD), you have to inform your Trustee of any changes in your financial circumstances, either good or bad. If your income is reduced, the Trustee will propose a variation on the terms of the Trust Deed to reflect your new circumstances. If your income is increased, then the Trustee may propose other variations. Our professional debt advisors are happy to give and debt advice or help surrounding a Protected Trust Deed (PTD).