Hi Gallows88.

I'm not sure that list exists anywhere.

What sorts of things are you thinking about?

Thanks TDA for the prompt reply I will speak with him later and try and narrow the issue down a bit and will get back to then

A list of restrictions normally applies to Sequestration. ie cannot be a Director of a Limited company, cannot obtain credit etc etc. These are not applicable in Trust Deeds.

If he has any specific questions re payments, assets etc, then please let us know and hopefully we can assist.

Mark

It's more a case of what you must do in a trust deed rather than what you mustn't do really - eg you must pay whatever you can reasonably afford each month, you must make any assets/windfalls available to your trustee for the benefit of creditors, you must let the trustee know about any change in circumstances etc.

There isn't much that you explicitly mustn't do. It is more of a general rule that you mustn't do anything that will unreasonably reduce the amount that your creditors will receive - eg give away any assets, quit your job etc. If you do this type of thing then your trust deed could be terminated.

The advice should always be to sit down & discuss everything and see what best suits the circumstances.

Every set of circumstances are different and it may be that another option is more suitable.

Best sit down, ask loads of questions and then see what option works.

Mark