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Almost_There
Regular Contributor

16 Posts

Posted - 09 December 2018 :  19:28:18  Show Profile  Reply with Quote
Hi all,

I didn't want to post this on the current Mond thread as there are a number of different conversations running. I was discharged over 7 years ago as was my trustee (Taggart). Ppi has only just come to light. Am I correct in assuming that my former trustee now has no claim on any of these funds in light of the Mond ruling?

contoboy
Frequent Contributor

36 Posts

Posted - 10 December 2018 :  06:52:25  Show Profile  Reply with Quote
Yes the Supreme Court ruled that when a final distribution was made then the trustee has discharged themselves. I think a few are still having an issue with Mond due to him seeking further legal counsel however, the Supreme Court was his last hope and he lost.
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TDA (Debt Adviser)
Trust Deed Expert



12961 Posts

Posted - 10 December 2018 :  09:17:06  Show Profile  Reply with Quote
Hi Almost_There.

I'd perhaps be slightly less emphatic than contoboy in answering your question.

The Supreme Court verdict did seem to open up the possibility of another route for a trustee to gather in these funds, but it's a route that most people in the industry doubt will be used much (if at all). And even if it was used, it might not work.

A discharged trustee can only have an interest if a court allows them to.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    

Edited by - TDA (Debt Adviser) on 10 December 2018 09:17:55
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Almost_There
Regular Contributor

16 Posts

Posted - 10 December 2018 :  12:04:46  Show Profile  Reply with Quote
Thanks!

Should I expect the monies to be sent to me or will banks still send to a trustee? Just trying to understand the process now.

Edited by - Almost_There on 10 December 2018 12:17:40
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TDA (Debt Adviser)
Trust Deed Expert



12961 Posts

Posted - 10 December 2018 :  14:50:40  Show Profile  Reply with Quote
They'll often check with a former trustee first that it's OK to send it to you.

A couple of banks might choose to set it off against an old debt they wrote off as part of a trust deed.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Almost_There
Regular Contributor

16 Posts

Posted - 10 December 2018 :  14:52:26  Show Profile  Reply with Quote
Thanks for the replies!
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 21 December 2018 :  18:51:09  Show Profile  Reply with Quote
Found out that any debtor that used mcginnes asc has received there money from mond but still refusing to had any other out
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sophie
Frequent Contributor

28 Posts

Posted - 28 December 2018 :  09:06:26  Show Profile  Reply with Quote
Hi Turbobhoy, how did you find out that money had been paid out?
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 01 January 2019 :  11:45:20  Show Profile  Reply with Quote
I was speaking to some one from mcginnes asc so don't know what mond is playing at maybe keeping the the cash till the interest pays his court fees
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TDA (Debt Adviser)
Trust Deed Expert



12961 Posts

Posted - 01 January 2019 :  17:22:22  Show Profile  Reply with Quote
Trustees don’t get to keep interest paid on client accounts. Not that it would be much, if anything at all.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 09 January 2019 :  13:59:25  Show Profile  Reply with Quote
Looks like back to court we go
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sophie
Frequent Contributor

28 Posts

Posted - 10 January 2019 :  08:23:32  Show Profile  Reply with Quote
Hi, I was informed Mr Mond has been on holiday and is due back today and he will be making a decision on what he is going to do next.
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 17 January 2019 :  15:03:50  Show Profile  Reply with Quote
Still no further on with mr mond how long does he have by law to pay out the ppi miney since he lost the case nearly 3 months ago
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tinsoldier
Advanced Contributor

733 Posts

Posted - 17 January 2019 :  22:53:03  Show Profile  Reply with Quote
“Mr Mond”.

He’s just the same as everyone else.
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 22 January 2019 :  19:38:23  Show Profile  Reply with Quote
Is mond ready to pay out in 2 weeks time !
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Turbobhoy
Advanced Contributor

86 Posts

Posted - 30 January 2019 :  16:53:11  Show Profile  Reply with Quote
After nearly 4 years we have came to an end and I have received my money from mr mond would like to thank all who used this site and to all tda for there advice feels like a weight has now been lifted of my head now I can move on and enjoy my money
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