Trust Deed

A legally binding formal arrangement between you and your creditors to repay some of your unsecured debts.
What is a Trust Deed?

Available only in Scotland, a Trust Deed is a legally binding formal arrangement between you and your creditors to repay some of your unsecured debts.

A Trust Deed can only be carried out through a licensed Insolvency Practitioner (IP) who will then act as the Trustee. This form of debt solution is designed to provide debt help to individuals who are unable to repay their debts (more than £5,000) over a period of time.

At the end of the period any remaining debt not paid off over this time, is usually written off by creditors.

Am I eligible for a Trust Deed?

If you can answer ‘yes’ to these three questions, you are likely to be eligible for a Trust Deed.

It’s always worth having a chat with our team – depending on your circumstances, it may be that a Debt Arrangement Scheme (DAS), Debt Management Plan (DMP) or Sequestration are better options for you.

The Pros of a Trust Deed
The Cons of a Trust Deed
How does Trust Deed work?
You don’t need to worry about the process – an expert team will set up and manage your arrangement for you. All we need to start moving is an idea of your income, outgoings and debts so we can make sure this is the best solution for you.
*Only available in
Help me find the plan that is right for me.
*Only available in
Help me find the plan that is right for me.

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debt advisor today.