The cost of your trust deed will be in line with industry averages and will be determined before it even starts;these will be detailed in your trust deeds proposal drawn up by your IP.

This is the document that details the proposed terms of your trust deed and unless a certain numbers of creditors object to its terms, your trust deed will become protected by law. The fee comes out of the payments you make into your trust deed and it’s not on top of those payments. They cover the costs involved in setting up your trust deed and will also pay for the ongoing supervision and maintenance of your trust deed right up to the day it finishes.