Hi all,my Trust Deed is with AG Taggart, still waiting on that phone call that i was meant to get yesterday afternoon or this morning.This is pure torture and is starting to affect our health i'm worried sick.

Hi Paxton.

If they haven't done what they said they would I wouldn't hesitate to call them yourself again. It might be a better feeling to take some control over the situation rather than being left waiting and hoping they'll remember to call?

I would fully endorse what has been said to date. Sequestration may not be the worse option, if you can manage the Trustee under the Trust Deed to release you from the Trust Deed. From what you say you have no equity in the property, the car is under £3K and therefore it is very unlikely that you would lose either of those "assets", although a nominal sum of £500 (possibly each) may be appropriate in the Sequestration process. Furthermore your budget would be re-assessed thus potentially allowing a reduction to a more manageable level of contribution(s). Agree keep on at the Trustee regarding his/her next step given that the option of interest only mortgage payments is a non-starter. If you do manage to get the Trustee to resign from office you may wish to approach one of the firms on the this site to deal with a potential Sequestration, if you feel that is the way ahead and you can afford a contribution, alternatively you will need someone to sign a Certifciate of Sequestration from either a CAB/Local Authority Money Advisor and the Accountant in Bankruptcy could be appointed. This is all subject to the Trustee releasing you from the Trust Deed. Alternatively the Trustee may wish to pursue the Sequestration route themselves due to your "non-compliance" - maybe not the end of the world given the above about House, Car & Contributions. The only drawback on all of this is that the communication with the Trustee appears to be a problem - you may wish to consider a recorded delivery letter - private & confidential to the Trustee and if all else fails and they still refuse to outline a way ahead in relation to the Trust Deed there is always the Insolvency Practitioners governing body - but I would suggest that as a last resort.