Trust Deed Benefits
A Protected Trust Deed (PTD) is suitable for Scottish residents with high levels of debts. Like all financial agreements, it comes with both benefits and implications.
For a more indepth analysis of your finances and to see if you qualify for an IVA, please call us free on 0800 048 1766.
Trust Deed Benefits:
- One lower payment to your creditors.
- A Trust Deed is more financially flexible in comparison to bankruptcy, as you remain in control of your finances.
- 36 month payback period, and then any remaining debt is written off as part of the Trust Deed agreement.
- Once the Trust Deed has been accepted, creditors cannot not add any further interest or charges.
- You will still have the right to hold certain public offices and remain self-employed.
- Information about the Trust Deed will not be published.