UPDATE:

I have discussed this question with Mark on the telephone today (he is out of the office right now) and he has requested that detail regarding any assets be provided (for example house, car etc).

This information can be added to the forum or emailled to the site admin team who will add it.

The information is important to weigh up what options might be suitable at this point.

A key point that Mark has mentioned is that it would not normally be appropriate to continue to fund a trust deed payment from benefit income.

Hi both

TDA is correct, this depends on the asset position. Were you on benefits when you signed the TD?

Mark

Hi Mark & Kevin,

The individual concerned has provided the following information to the Admin team here which might be useful for answering the question:

"I was on benefits when I signed trust deed and I explained to them that I was separating from my husband in the near future. We have no assets, the house my husband still lives in has no equity, he has a company car".

Hi all

I'm not sure how a TD could be proposed if you have benefit only income and no equity or assets to speak of.

The above aside, sequestration may be the only option open to the IP as the non compliance fails the TD. This may put the property at risk as you still retain one half share.

Mark