A protected Trust Deed is a legally binding agreement available to Scottish residents which would enable you to write off 90% of your debt within 36 months while only paying what you can afford each month. It is designed to provide a more flexible, affordable and desirable alternative to Bankruptcy for people who qualify and are experiencing serious debt problems.

The Trust Deed will last for an agreed period of time, normally 3 years. It will act as a legal agreement between you and your creditors to clear your debts based on a monthly payment schedule which is affordable to you. Your Protected Trust Deed is supervised by a licensed insolvency practitioner, who negotiates and oversees the terms and repayment schedule of the agreement between you and your creditors for the specified period. At the end of the agreement any remaining debts are written off.

Benefits of a Trust Deed.

Significantly reduced monthly outgoings to one affordable monthly payment.

No more stressful letters, phone calls or demands from your creditors - we deal with all of the correspondence for you.

Trust Deeds are tailored to your individual needs, you will only pay what you can afford.

Under a protected Trust Deed your creditors are unable to add any further interest or charges to your debt.

At the end of your specified period, normally 3 years, you will be debt free as any remaining debt will be effectively written off!

A Trust Deed is a more flexible and affordable alternative to bankruptcy.

In most cases you can remain self employed or serve as a company director.