Duration of the trust deed
The normal duration of a protected trust deed is 48 months, although it can be extended if the client has any problems paying the contributions or if there are assets to be realised. Think of it as being 48 payments to be made over any period.
Whereas in bankruptcy the client can register a zero contribution and this counts as a payment in the 48-month period, when a client misses a payment in a trust deed, the trustee may add on another month (or more) to allow the client to catch up. This is a disadvantage of a trust deed over a bankruptcy.