I am currently in a PTD and received a bonus windfall that I have spent before notifying my Trustee as it paid for my daughters wedding that had been planned and deposit paid long before the PTD was set up. What is likely to happen to me now, will Trustee order Sequestration?
Depending on the size of the windfall,you may find that creditors accept an extension to the PTD to allow the amount of the windfall to be recouped into the trust deed pot. You Trustee alone can answer your question,but you should at all times remember the delicate position you are in during a PTD.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
I have just recieved my 6 month status update request and was in process of sending email to my Trustee to let them know in advance as quickly as possibel (given the windfall (£21k)came at end August and is all bar £500 is gone.