What if one of my creditors does not agree to the terms of my Trust Deed?

February 21, 2018 12:26 pm Published by Debt Free Life

If a creditor or creditors who make up more than one-third of the debt reject the Trust Deed proposal then it will not achieve protected status and is therefore not legally binding for creditors.

At this stage, your adviser will offer alternative advice on how to move forward with your finances.