Welcome to the Debt Advice for Scottish Residents Information Centre
What is a Trust Deed?
A Trust Deed or Protected Trust Deed is only for residents in Scotland.
A trust deed or protected trust deed is a legally binding debt repayment agreement for residents in Scotland who have debts above £8000.
The trust deed or protected trust deed is only available in Scotland and lasts no longer than 3 years. After this period the remainder of the debt is written off leaving you absolutely debt free.
A trust deed are that it takes the pressure off as all correspondence and the Trustee deals with queries from creditors. It puts the debtor rather than creditors in control of the debtor's financial situation and reduces the costs - a Trust Deed is usually more flexible and less costly to administer than sequestration and allows the debtor the right to fulfil certain public offices - which would not be the case with sequestration. [more...]
The UK Insolvency Helpline Scotland Debt Support Team
If you are looking for help and advice with a debt problem remember that you are not alone. There are several ways you can obtain help and information.
The UK Insolvency Helpline Scotland Debt Support Team offers free, independent, impartial and confidential advice.
We provide an advice service direct to the public, and we keep up to date details of advice for residents throughout Scotland to enble a free, independent, impartial and confidential money advice service. [more...]
Apply Online
In order for an Protected Trust Deed is to be feasible, there are some minimum requirements that must be met.
The purpose of the online assessment is to find out if a Protected Trust Deed the most suitable for you. Therefore it is essential that you provide us with as much information as possible.
[click here to apply online].
- What is a Trust Deed?
- Debtors Guide (bankruptcy and sequestration explained)
- Completing the debtor's application forms
- Completing the statement of Assets & Liabilities
- Creditor's Guide
- Petitions
- Apparent Insolvency
- Protected Trust Deeds
- Sequestration - A Brief Guide
- Sequestration: Debtor Rights
- Sequestration: Creditor Rights
- Statutory meeting of creditors
- Debtor discharge
- Debtor: what happens to my home?
- The Register of Insolvencies
- Introduction to sequestration
- Recall of sequestration
- Corporate Insolvency: Advice on liquidations
- Corporate Insolvency: Advice on receiverships
- Debtor's Responsibilities
Scottish Debt News
Disclaimer:
The information given in this section is for general guidance only. It is not a detailed or full statement of law.
