Hi amorphous,

Your trust deed company may want to see bank statements when they conduct reviews during the course of a trust deed.

In a sequestration you may also need to provide bank statements.

Please remember that how you actually spend your spare money is pretty much entirely up to you.

Hi TDA,

I know I'm just panicking about every thing at the moment....just dwelling on any small thing that may count against me, until I (hopefully) get protected status.
Only 11 more days of hell to go, until I find out!

I don't think my trust deed co. would particularly bother about such small transactions, but I'm sure my creditors would!!

My concern is that my creditors look through my financial transactions to see if my declared expenditure corresponds exactly with my actual expenditure....because strictly speaking, I shouldn't have had ?é?ú20 to spend!!

Your bank statements will not be compared to your actual expenditure amorphous other than for the larger more predictable expenses such as mortgage/rent, council tax, utilities etc.
I guess what I'm trying to say is if you spend ?ú20 less on food this month (compared to last month) and ?ú20 more on petrol I wouldn't think that anyone will notice or care.

However if you have received additional unexpected income (of a significant amount) your Trust Deed company would be rightly interested. I shouldn't imagine a one-off ?ú20 would make much difference though.

Don't worry amorphous, nobody will be looking at your bank statements and making judgements about what you may have spent ?ú20 on here or there - and certainly not creditors (they have no access to this information)

Just posting to agree with Kevin. Whilst some IP firms will review bank statements, I suspect that fewer and fewer firms are doing so and they are unlikely to be concerned with the odd transaction that is out of the ordinary.

Thanks for your replies guys, I guess I can book that luxury cruise now!

Seriously though, from my limited experience of trust deed companies and info I have got from this forum / the CAB in the last day or two, I'm getting the impression that all the trust deed companies really care about is making sure the agreed payments can be made on time, and you don't acquire a small fortune on the quiet!

Is this a fair assessment?

I think that trust deed companies are concerned with striking (and then managing) a workable and fair compromise between a debtor and their creditors amorphous.

As can be seen from this forum the methods and quality of this process seem to vary from firm to firm.

The involvement that your Trustee has in your case will vary dependant upon which firm is appointed. Whilst it is important that you maintain your agreed contribution, your Trustee will review your income and expenditure on a regular basis to establish whether the contribution is at the correct level. Additionally, you should have been told at the commencement of the requirement to notify the Trustee of any change in circumstances such as increase in wages, winning lottery(!) so that should circumstances permit your contribution would be increased.

It would not be cost effective for your Trustee to review everything that you do on a monthly basis so there is an element of trust involved.