Trust Deeds

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CLEAR YOUR DEBTS

CONSOLIDATION LOANS

If you live in Scotland and have debts that you can't manage then speak to us about a Trust Deed.

A Trust Deed is a legal process available to residents in Scotland.

In a Trust Deed you can gain protection from your creditors in much the same way as with an Individual Voluntary Arrangement in the rest of the UK.

If your creditors agree then they will accept a reduced amount in full and final settlement of your debts with them.

You then pay off this reduced amount over a period of normally 3 years after which the balances on your unsecured debts are written off.

As with an IVA all interest and charges on your debts are frozen.

A protected trust deed is supervised by a licensed insolvency practitioner, who is responsible for all negotiations with your creditors and who is also responsible for ensuring that you keep to the terms of the Trust Deed.

For more information fill out the enquiry form on this page or call us on 0800 131 3429.