Trust Deeds

 

A Trust Deed is only offered to Scottish residents and is similar to an IVA (Individual Voluntary Arrangement).

It is suitable for those with serious debt problems who struggle to repay their borrowings. You pay back a proportion of your debt over a 36 month period and any debt remaining after this time is written off.

You can still remain self-employed, hold certain public offices and continue to serve as a company director.

To find out more about Trust Deeds, please call our expert advisors on 0808 131 9110.

Please Note: A Trust Deed is only available to residents in Scotland, as the rest of the UK is serviced by IVAs.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)