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Costs and Commitments

The Costs:

You have no initial cost for the work involved in drawing up the Trust Deed documentation. The Trustee’s fees and expenses are agreed with your creditors. They agree to a reduction in their overall income from the Trust Deed’s Trust Fund in exchange for the Trustee’s administration and pay him from the contributions you make.

This means you have NOTHING TO PAY UP FRONT.

 

Your Commitment:

In establishing a Trust Deed you are entering into a contract to repay your debts, most likely at a reduced rate. In doing so you must agree to:

 

 

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