First of all, fabulous forum..keep up the good work.

This is my first post and I'm very confused to say the least.

I came home today to a letter from the company who have been dealing with my trust deed for the past two years, KPMG, based in Glasgow. The letter has me baffled and I'm just not sure what it means. Can anyone shed any light?

Here are the main paragraphs I'm confused by...

"As you will see the anticipated dividend is greater than that anticipated when the trust deed was signed for the reasons overleaf. As previously advised, if the debtor fails to co operate or their circumstances change during the remainder of the trust deed term,this dividend estimate may not be achieved. The debtors discharge will be postponed until all contributions have been collected."

"I attach for your information a summary of total time charged on this case and the average charge out value. As indicated at the offset of the trust deed I anticipated costs of administration and outlays to be £5,668.00. As previously advised this estimate may vary considerably depending on complexity of asset realisation process. I now propose an interim fee of £3,300.00."

"Creditorshave the right to insist my accounts be referred for audit to accountant in bankruptcy and my remuneration fixed by her. If you wish this procedure to be initiated please contact me within 14 days to date of this letter. Unless I receive written objection from creditors within this period, I shall record approval of my fee as appropriate."

If anyone could clarify what this means I'd be so grateful. Thanks so much.