Hi stuart75.

The first important thing to do is to keep your trustee informed if you haven't already.

If there's no surplus income (it doesn't sound as though there is) you cannot make contributions to the trust deed.

If you think that this could be resolved fairly soon (with an increase of income to make a contribution viable again) you should let your trustee know. They're likely to give you some time to get things back on track and in particular so if you're keeping them in the loop.

If this becomes a longer-term issue your trustee (and perhaps you) might consider that the trust deed is no longer working for any of the parties involved.

At this point there's a couple of things that could happen:

1 - The trustee might take the view that this situation isn't of your making and discharge you from your trust deed and your debts.

2 - The trustee might take the view that as the creditors aren't going to receive the dividend that they expected to that you should be discharged from the trust deed but not from your debts.

In the event that the second scenario arose you'd be free to sort this out by different means, most likely through sequestration (bankruptcy) normally.