Hi af010 and welcome.

I can see where your trust deed firm are coming from I'm afraid.

The expenditure allowances set for you will not include money to be used to pay another persons credit commitments, even if it is your wife. That's because this is money that could be used to repay your creditors via your trust deed.

The payrise probably isn't really relevant in this equation either. If your pay increases faster than your expenses this is likely to result in an increase in your monthly trust deed payment.

Sorry I cannot provide better news.

i can understand their point of view aswell but obviously my wifes wages were taken in to consideration whilst creating my budget so her liabilities were also included.
if my wife continues to work by the time we pay for child care we would actually be worse off financially in effect my expendable cash my well go down and i would have less to contribute.
thanks for your reply

It's a tough situation for sure af010.

The big difference from the perspective of your trustee is that previously your wife funded her debt repayments from her income. The fact that she may no longer have that income probably doesn't put them in a position to allow you to pay her debts at the expense of your creditors.

It is a fair point that you make that your current level of contribution may be jeopardised... I'm not sure whether them enables them to help though.

I'm afraid your wife is going to need to consider her options. If there are no funds available then sequestration may be one option - either that or could token payments be paid to her creditors until you are finished your trust deed?

Have you checked whether you would be likely to qualify for working tax credit to help pay for the childcare costs? Depending upon your income, a proportion of the cost may be met through this.

thanks for your repl
i think i will just have to do a recalculation when it happens and make some suggestions and see what happens. i am fully aware of the situation i got into and i am happy paying what i need to do as long as it doesnt effect my kids as they are my main priority.

thanks kevin
we dont qualify for tax credits as my salary is too high
i am happy to pay as much as possible but i have to look at the well fare of my children first
i am sure we will come to some kind of agreement
thanks

Devil's advocate question(s): isn't a husband allowed to give his stay at home wife 'pin money', or whatever expression we dare to use?

Or 'housekeeping'? If she budgets the housekeeping money/pin money well enough, what business is it of the trustee how she spends her 'savings'?

If the trust deed was originally calculated on the basis of the OP only paying part of the household expenses, and he is now going to be responsible for paying them all, surely the trustee will have to re-calculate his contributions?

And, since this is a change in circumstances beyond his control, surely he shouldn't be penalised in terms of getting his discharge timeously?

Interesting thoughts and questions as always candlewick.

I don't think the issue is how the household spends their allowances, I think the problem is whether those allowances would be sufficient to cover the household expenditure in addition to the trust deed payment and other debt repayments.

I think you're right that a recalculation will be required. There is also obviously a case to be made to the trustee that this change was outside of af010's control.

If the trustee accepts that case then they may allow a reduced trust deed payment without an extension of the term. There seems to be a split of opinion on that topic though, including amongst the firms that answer questions here. Some are of the view that the full amount originally pledged must be paid over and therefore an extension would be required irrespective of the circumstances.

Thank you for your advice. my original required payment would still be met or even slightly more due to the pay increase. but it wouldnt be as much as the increase would warrant. it would be a case of weighing up 'X' amount for child care with wife still working against 'X' amount of wifes liabilities. with the potential of paid childcare perhaps costing more than my wifes liabilities in that case we would have less expendable cash