Hi there.
In the past month or so, I finally decided to get on top of my debts, I've been in talks with Trustdeedscotland to try and get a trust deed set up so have been informing my creditors of this, in order to get a proper list of the debts I have.
Now, however, I have received a letter saying that my wages have been arrested from one of those creditors (RBS).
Im kind of at a loss as to what to do now. I had planned, in my mind, that putting £200 - £250 per month into a trust deed would be enough to keep (all of my) creditors happy, so that is what I have budgeted for in my mind. Now with the Wage Arrestment happening that will be about £200 out of my wages every month, meaning I will no loger have the available funds to pay an adequate amount into a Trust Deed.
If I were to go ahead and set up a Trust Deed, would the wage Arrestment be taken into that?
(I've spoken to the court who said speak to the Sherrif officers (Ross and Co), so I did that and they said the only way a wage arrestment can be withdrawn is to pay it off in full).
Failing that, I don't know what to do. I can't afford to pay my other debts as well as this wage arrestment, so should I think about just going bankrupt?, would this even remove the wage arrestment (or at least lower the amount).
On another note, I didn't know anything about the wage arrestment hearing or anything until I received the letter saying that it had been granted.
Any help?