Trust Deed Benefits

A Trust Deed 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 0808 131 9101.

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  • Information about the Trust Deed will not be published.


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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.)
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