You will be paying a certain amount agreed from the start of the Trust Deed so say for example you were paying £300 per month for 36 months that totals £10,800. The dividend the creditors agreed to is £10,800 so that's what they will expect to be divided between them. But if your payment dropped at any point through the deed you would need to work out what you had paid up to that date, and work out how long it would take you to reach £10,800 with the new reduced payments. That will give you an indication of how long you have to go.

I also think there is a 'reasonable' time allocated to it too, not sure how this works - but I think its to prevent you paying for years and years when you have paid all you can quite honestly.

Hello larrie.

Scotslad is right about how missed and reduced payments might be looked at. This is because your creditors will have agreed to the trust deed based upon the expectation of a "return" that was originally provided to them.

In your position I think I'd be writing to my Trustee and requesting a written update of exactly where my trust deed was up to and what will be required to bring it to an end.

i will do thankyou .is there a reasonable time limit like scotslad sadie? and if so do you no how long? thanks larrie.

Hi larrie.

They'll want to know if your trust deed can be completed in a reasonable time only to determine whether it remains a viable solution for you. As they've said nothing about this it doesn't seem like it's an issue though.

Hopefully your Trustee will be able to let you know where you stand very soon.