Hi guys

I hope you're all well - I must admit I feel I've got my life back since I signed my trust deed last November. My mood is lighter and a million tons has been lifted from my shoulders.

This place is simply fantastic both as a goldmine of information and as a support network of non-judgmental people who've been through the same mill.

Anyway, enough back-slapping. To my question which is relevant to me as a self-employed person whose income is volatile in the current climate. It does even out over the longer term but can be very up and down.

I was wondering how vital it is to a trustee that payments are always made one-per-month while the trust deed is running. For example, suppose my cashflow was poor one month due to slow payers and better the next meaning I missed a TD payment but paid twice during the next month. In my case, a late customer payment means that I will have my TD money a week later than usual which actually takes it into the next month. That has me worried but I'm wondering if I'm worrying needlessly.

As a trustee, how much of a problem would that be? I get the impression that while a trust deed is running, no-one is really sitting waiting for each and every payment to arrive on the due date but that it is reviewed at regular intervals to make sure everything is OK with it. I know that creditors don't get monthly payments so the money is really just sitting there, right?

It has certainly been my experience that everyone involved in a TD wants it to work and I'm wondering how far that extends when the situation is a little out of the ordinary.

Thanks for listening.

Cheers,

DFW