Hi wallop

Its impossible to say without a full review of circumstances.

The sequestration income and expenditure should be calculated the same as the Trust Deed one, so it could end up being the same. If your partner has income, then this will betaken into account and therefore the payments could increase!

If you stopped paying, the Trustee would probably resign and you would get the debts back to deal with. The monies paid would be used to cover the costs and outlays of the Trust Deed.

Matk

Hi wallop and welcome to the trust deed forum.

If you were to stop paying your trust deed your Trustee would deduct their fees from the contributions that you have made. After a period of eight months this may well account for most of what you have paid to this point.

If you were then to go bankrupt your income and expenditure would again be reviewed in a similar way to the the way is done for a trust deed. If you are considered to be in a position to pay something towards your debts each month you will be asked to do so for a period of three years.

Have you informed your trust deed company that your partner has moved in? Have you informed them about any significant increases in your expenditure? These are both scenarios that might result in an adjustment to your monthly payment. I'd suggest looking into this (if you have not already) before making any final decisions to end the trust deed and go bankrupt.