At the end of the trust deed

At the end of the trust deed, your trustee will decide if you can be discharged from the trust deed.

To be discharged you must have met all the agreed conditions, such as making payments on time.

If you are discharged from the trust deed

After you make your last payment, your trustee will apply to the Accountant in Bankruptcy (AiB) to discharge you. If it's approved, your creditors will not be able to chase you for money you owed them before you signed the trust deed.

The discharge will be recorded in the Register of Insolvencies for 12 months after the date of the trustee discharge.

Any unsecured debt left over will be written off as long as you have stuck to the agreed terms.

If you are not discharged from the trust deed

If your trustee does not discharge you from your trust deed, you will continue to owe these debts.

Your creditors can:

• chase you for payments
• take you to court to get back the money you owe
• add further interest, fees or charges to your debts

If you disagree with the trustee for not discharging you, you can appeal to your local Sheriff.