AIB Caution Trustees’ over Equity Rich Trust Deeds

The Accountant in Bankruptcy (AIB) has issued guidance to Insolvency Practitioners, cautioning them over the growing practice of Protected Trust Deeds with large amounts of equity.

There is a suggestions such Trust Deeds may be challengeable and may see debtor’s being forced to sell their home or having to remortgage to repay their debt back in full.

See here.