Hi icemetall

The trust deed will not stop you from being a director of a limited company. That applies on in sequestration.

Mark

That is great, Thank You.

Got one more question about time of trust deed. I was told that my trust deed will stand for 36 months.

Shortly after start TD my circumstances changed and my payments was reduced. Recently I receive a letter from trustee witch say that I'm 18 in TD and there are 24 months left. That is already 6 month longer that I was previously told. I can understand this happens because my monthly payments was reduced.

Now my circumstances changing, this time for better. My wife find new job. She will start next month. She will earn about 12.5% pa more. I just receive pay rise 7% pa + i will become part time director.

So my monthly payments towards TD will go up. Probably higher that was set at the start of TD.

In this circumstances there is a chance that my TD will go back to 36 month period?

Hello icemetall.

That sounds as though it may be a possibility.

You'll need to work through the details with your trust deed provider.

I hope that it works out as you would wish it to.

I don't see why not, icemetall

Hi icemetall

Probably safer to advise that your wife is willing to pay something on top for the arrears and you can return to the original TD contribution level.

Mark

Thank you all.