I dont know enough about your personal circumstances to comment, all I can say (and speaking from experience) there comes a time when you have to say enough is enough. I have posted elsewhere about my experiences but trying to run a small business under these sorts of pressure is impossible. I had to chose between the business and my health/family. So far no regrets

Thanks for the reply.
I agree family is suffering as is my health.
Just need to get more concrete advice so I can move forward.
The business is running away fine but there is such a back log of arrears it is hard to know which way to go.

I found business helpline OK but didnt tell me anything that I didnt Know before. I sat down with Mark and he was really helpfull. I would reccomend you give him a call

Thanks for the advice I will give him a call tomorrow

Hi Kiroli and welcome.

It's difficult for our experts to engage on a direct one-to-one level about trust deeds being handled by other firms (for a few reasons). Everyone will try to help you in this forum though.

If business has taken such a bad turn that you cannot retain your home, or pay your trust deed, it seems fairly clear that the current position is unsustainable.

You must make this clear to your trustee; you cannot give them money that you don't have (or require for basic essential expenditure). This may well result in your trust deed failing... but it sounds like it is already really?

Yes TDA it looks likely that his Trust deed is heading south along with his business, It may be prudent for him at this moment to be looking ahead to his future options, as I understand it, when his trust deed fails he will suddenly be in a much worse position as all his creditors will be chasing him with added interest and charges. If in addition to that the IR are after him he will need to make a decision fairly rapidly.
Kiroli dosnt say whether his business is a sole trader, a partnership or a limited company which will have a bearing on what his options are.