Trust Deed - Scotland Only

A Trust Deed is a Government created scheme for Scottish residents with extreme debt problems who are struggling to meet their creditors’s demands.

This legally binding arrangement is similar to an IVA (England and Wales), whereby a specialist Insolvency Practitioner works closely with your creditors, to agree that you only pay back a percentage of what you owe. This percentage varies case by case, and is based on what you can realistically afford once all of your expenditure has been taken away from your income. Whatever the remaining amount of your outstanding debt is gets written off, and within usually 36 months, depending on circumstances, you will be debt free.

What an IVA offers you

People who are an IVA benefit from:

• Restructured debts into one affordable payment
• A large percentage of your debt written off within 60 months
• Stop any legal action against you
• Freezes any charges and interest
• Stops demanding communication by your creditors

Who could an IVA help?

Anyone who has or suffered from:

• Bad Credit
• CCJs
• Defaults
• Mortgage Arrears

Then an IVA maybe for you.