Hi lori51,

Mark and the other experts on the site can be contacted via the "contact forms" on their profile pages (on the left hand menu).

The freephone number on the site connects to general debt advisers who are able to discuss a variety of options and solutions.

Thank you for your contact number but I am in now in shock as I have done a more detailed calculation and have realised my morgage and household bills totals ?ú668 thats without ?ú17000 debt and food fuel etc what shocks me more is the comapny I had converstaion with initially told me I would be able to have all this in to consideration and still be able to pay my debts at ?ú210 monthly yet I only have ?ú1092 salary

It's hard for me to say without knowing the details of your circumstances, lori51, but it does look as though ?ú210 pm may well be a struggle for you.

The most suitable option for you is usually determined by what you can afford to pay each month and whether you own any significant assets. A trust deed is only likely to become protected if you can afford enough to get the acceptance of most of your creditors, otherwise you may need to consider sequestration as an alternative.

Best to go through your situation with a trained money adviser or insolvency professional and you can then weigh up whatever options you may have.

Hi Lori51

Kevin is correct. The Trust Deed should be used as an option to solve a financial problem, not create another one if you find you are unable to meet the payments. Best idea is to sit down and go through the expenses and see what is realistically affordable.

Depending on the asset/equity position, sequestration may well prove to be an alternative.

Mark