Hi John,

In certain circumstances this can be the best course of action.

Is it likely that your hours will increase again soon?

How long have you been in your Trust Deed for?

my hours r in danger of getting reduced again i have been in the trust deed since may 08 and all the payments are up to date my trustee is trying are trying to do everything they but they can only do so much as she said the Sequestration may be the only option left for them they r trying to hold off aslong as they can but i am already ?ú330 behind in payments already

i forgot to ask if i do need to go into Sequestration what information will i need to provide

Hi John,

How much is your monthly payment into the Trust Deed meant to be currently?

Also could you let us know whether you are a homeowner (and if so how much equity there is in your home)?

i am currently 170 pound a mth but im only manage to pay between 70 and 80 pound a mth there for my trust deed is falling into arrears by 90 pound a mth i dont own my own home as i stay with my mum just now its the cheaper option just now i dont know how long my trustee will let this mount of arrears mount for

Hi John,

In sequestration you would be expected to pay what you can afford towards the debts for three years. Based upon the information you have provided this might be a better option than carrying on with the stress and worry associated with struggling to keep up with the Trust Deed.

Your Trustee may handle the sequestration if this is the route you take in which case I doubt much more information would be required from you.