How much will I owe?

Firstly, you have to give your Insolvency Practitioner full details of all you debts and outgoings. He or she will then negotiate with your unsecured creditors to get them to agree to your Trust Deed. 66.66% of your creditors have to agree to these proposals and then the proposal becomes what is called "protected". This means that the Trust Deed is legally binding on all your unsecured creditors.

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