Hello iwant2bfree.

I'm not sure that there is a useful average for this type of thing - it will depend upon the priority placed upon this by any individual firm and how busy they are at that time.

I'm pretty certain it's a lot less than six months though. My guess is that they've concluded that nothing needs to change - but you'd obviously need to check that with them.

There's not likely to be any creditor involvement - this is a task for your trustee only normally.

You should certainly let your trustee know ASAP about your change of circumstances.

Hi iwant2befree

I think TDA is correct. The majority of firms will only contact you post review if there is likely to be a change in contribution.

Unless there's been a material changes in circumstances, then I don't think there's anything to worry about.

Mark

Im fairly sure if they wanted you to contribute more they would be quick to let you know.

Thank you all for the responses

HI iwant2bfree,

We took feedback from the forum and realised that people are often left in the dark about this and wondered if their payment would go up or not when their returned their completed review forms.

As a result, we advise all of our clients after receiving their completed review form if their payment will increase or if it will remain the same. More often than not, their payments remain the same.

I think like Black Night has advised, if your Trustee wanted to increase your payment they wouldn't be slow in contacting you. If you have received your payslips and bank statements back then I would assume that they have reviewed the information and no change will happen

Is an annual review compulsory?

From the perspective of the trustee cjk?

Hi cjk,

You have an obligation to cooperate with your Trustee whilst subject to your Trust Deed and this review would form part of that.

It's not something which you need to worry about and unless your circumstances have changed you shouldn't expect any change to your payment.

Is there anything you are concerned about with the annual review?

HI, this is something I posted about a few months ago as I haven't been asked to complete an I&E review since Creditfix took over,nothing to hide but I must admit it with only a two payments to go I am hoping this isn't going to be an issue at the final hurdle.

Hi Arabali,

Well done on reaching this point in your Trust Deed and being 2 payments away from successfully completing it and becoming debt free.

This shouldn't be something which has any impact on the final stages of your Trust Deed. If your worried you could give your Trustee a call to confirm what their discharge procedure is when you make your final 2 payments and how long you will need to wait for your Form 5 discharge.

How have you found the whole Trust Deed process?

Thanks for the advice David.

Although the last couple of years haven't been easy,life is certainly easier when there's light at the end of the tunnel rather than just carrying on hoping it'll all go away one day and its certainly made me realise that budgeting and saving for things is possible and is more satisfying than borrowing to pay for it.

The whole process (so far!)has been good right from the start Mark and his staff were extremely helpful and everything else seems to have gone smoothly since so here's hoping for a quick conclusion next year.

I think I'll just make my remaining payments then get in touch as soon as the last standing order leaves my account.

I'm glad to hear that aspects of the process have been positive for you Arabali.

I do hope that your discharge follows promptly in a couple of months once your payments have been finished.

quote:

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Originally posted by TDA (Debt Adviser)
[br]From the perspective of the trustee cjk?

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Yes, I have not had a review since around June/July last year. I thought it formed part of the contract that the Trustee contacted myself regularly.

I'm not sure whether this is a contractual issue between you and the firm cjk. Insolvency practitioners are supposed to review trust deed cases as far as I'm aware. However, I'm not aware how much flexibility there is in terms of scheduling that process.

From your point of view I'd just keep the trustee updated if something significant changes (income, expenditure, or assets). That should ensure a lack of reviews has no negative consequences for you.