A Trust Deed Huntington Park CA (also known as a Protected Trust) is a legally binding agreement between an individual who is unable to pay his or her creditors and a licensed Practitioner (known as the Trustee).
It is designed to help individuals who cannot repay their debts a way to reach an agreement with their creditors, in which they will begin a monthly repayment schedule based on what they can realistically afford.
The Trust Deed Huntington Park CA will be in place for a specific period of time, and is usually over three years. Once the agreed period of time is over, any remaining debts that the debtor owes are written off, and they become debt free.
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Trust Deed Huntington Park CA will assess your situation and work with you to establish how much you can afford to repay on a monthly basis. Once this has been agreed we then send you out the relevant paperwork for you to review. On receipt of this we will take over all correspondence to your creditors meaning you will no longer have to deal with them anymore. Trust Deed’s experienced Practioners will draft together the Trust Deed proposal and submit it to your creditors for review. Upon acceptance we will inform you in writing that your Trust Deed has been passed and you begin making your agreed single monthly repayment.
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