If the trust deed is unaffordable then you would need to discuss this with your trustee. it may be they would be able to reduce your contribution payment rather than you having to go bankrupt.

How far through your trust deed are you? If you were sequestrated instead then the 3-year contribution period will start all over again - and there is no guarantee that your payment will be much (if any) lower...

What happens if you don't make the payments during the 3 year sequestration period? Sequestration seems like the last stop in the insolvency route so where would you go from there?

My understanding is you could have lengthy additions to the duration of sequestration if you didn't stick to agreed payments. Hopefully, experts will add to that?

Payments can be enforced through the courts if necessary in a sequestration, and Pamjo is correct - a bankruptcy restrictions order could be imposed lengthening the term of the restrictions associated with the bankruptcy

hi all, thanks for the advice. i am a year through my TD kevin. upstream i would be looking at around 80 a month for sequestration wheras my TD is double that plus.

Hi bankiedonnie.

What is the rationale behind your contribution in bankruptcy being lower at £80 per month?

thats what my wife pays a month. we are on similar incomes.

If your expenditure is also the same that may be the case bankiedonnie, though of course it would be for your trustee to determine to precise figure.