Hi Skint4now.  Happy to help answer your questions, though I'd recommend you also ask them of your chosen Trust Deed provider as different firms may have slightly different approaches to some of these things.

Basically when you sign a Trust Deed you are agreeing to pay across as much as you can reasonably afford each month for the duration (usually 4 years).  If your salary goes up or down then you should notify your trustee and they would assess whether to change the amount you are required to pay each month accordingly.  This can get messy if your income goes up and down regularly though, so they might prefer to use an average instead in that case.

Likewise with your outgoings - any significant changes should be reported and there would be a review of your monthly contribution.  There should be an allowance in the initial agreed budget for things like car maintenance, so that you are able to put money aside to cover these things.  

A Trust Deed involves at least an annual review as to whether the amount being paid is still correct and most firms would request recent bank statements from you as part of this process in order to check for evidence of any significant changes.

Best stick with opening a basic bank account I would say, as some banks do not allow clients that enter an insolvency process to have anything else, so if you open a normal account you might just find they insist it is closed and a basic one opened instead.  

It's impossible to say whether another route other than  Trust Deed may be suitable for you without knowing your full circumstances.  We'd be happy to get the information we need from you and advise accordingly if you wish to contact us via the "contact me" button.  Generally speaking though, the other main alternatives are Bankruptcy or the Debt Arrangement Scheme.  Both may be suitable alternatives for you, but a lot will depend on whether you own anything of any significant value, as well as how much you are able to afford to pay towards your debts each month. 

Thanks for the response Kevin.

I did see a post on here where someone said they completely regret their Trust Deed and that they couldn’t get any credit whatsoever, even long after it had finished.

This also got to me a little, although if I remember correctly their debt amount was significantly lower.

Is PayPlan used by members on here and are they considered a good Trustee?

The Trust Deed would show on your credit file for 6 years in total.  After that it shouldn't cause too many issues with getting credit.  I couldn't answer your question about Payplan, but hopefully there are other members of the forum that may be able to give you the benefit of their experience with them.