A Trust Deed is the Scottish alternative to an IVA. It is a financial commitment and cannot be determined by a few simple questions. Below lists the basic criteria, but for expert advice please call us free on 0800 0481 777.

1. You are a resident of Scotland.
   A Trust Deed is only available to Scottish residents, the rest of the UK is serviced by IVAs.
2. You are employed.
   A Trust Deed is a debt repayment scheme, and requires you to payback your debt over a period of time, typically 36 months.
3. You are insolvent.
   This means that you are struggling with your debts and cannot afford to pay back the required monthly amount. A Trust Deed is most suitable for those with high levels of debt, but please contact us for more information about how a Trust Deed works and to see if you qualify.

Terms & Conditions Apply. A Protected Trust Deed (PTD) is for unsecured debts and residents of Scotland only. It should only be considered in extreme circumstances as failure to adhere could result in Sequestration (The Scottish legal term for Bankruptcy). Debt write off applies only to where the PTD is agreed by your creditors and you have completed the, typically, 36 month term. Once your PTD commences, your monthly contribution is fixed and there are no additional fees on top. The fees, paid by your creditors, are taken out of your monthly contributions to your PTD and will be notified to you in advance. Some homeowners may be required to remortgage.