Welcome to the forum adastra.

All insolvency practitioners charge to provide trust deed services.

Some charge more than others.

Are the fees a particular concern for you?

Hi adastra

Fees do vary from firm to firm and are taken from the funds paid to creditors. In general, firms will look at your income and expenditure and look to see if there is a surplus. The surplus and position with other assets etc will then be used to see what option best suits.

If you can give some more information on any surplus you have, details of any assets or equity within your home etc and the approximate level of debts, hopefully we can guide further.

Mark

Hi adastra,

As TDA and Mark have said fees can vary from firm to firm. The best thing to do is speak with a number of firms regarding a Trust Deed to get an idea of what their fees are as your payments per month effectively cover the fees and costs of the Trust Deed.

If you can give us an idea of your situation we can see if we can help out.

The starting point is to work out what you can afford to pay each month, adastra. If there isn't enough to cover the costs of setting up and administering a trust deed as well as paying an acceptable dividend to creditors then it may be that sequestration could be the most appropriate option instead.