It is not desirable to postpone payments of your Trust Deed. However, if a person is made unemployed or redundant, then the Official Receiver reassess and amend the trust deed according to the borrowers financial condition. Sometimes you get an extended time to pay off the debts. So, visit your Official Receiver as soon as you can.

All the best!

Thank you for a splendid article on Trust Deed. I am Claire and one year back I entered a trust deed. It was all going fine until I became jobless a couple of months ago. Now I am totally cash strapped. I have no idea how will I manage my basic expenses and pay for the trust deed at the same time. I do not have any savings and I am desperately looking for a job. Now my question is, can I postpone my trust deed payments till I get a suitable job?

Please Help!!