A Protected Trust Deed (PTD) is a legally binding arrangement drawn up between you and your creditors, available only to residents in Scotland, in which you agree to pay your creditors a percentage of your total debts, depending on what you can afford.
By signing a Trust Deed you are basically saying:
"I hold my hands up! I cannot afford to pay my debts and I need help..."
It differs from many other financial solutions in that it is much more flexible and affordable and it also provides protection from your creditors.
It is designed to enable those who cannot afford to repay their debts a way to establish a monthly repayment schedule based on what you can actually afford. The payment is collected each month by your Insolvency Practitioner who in turn deals with any other considerable assets you might have and distributes the money to the creditors on your behalf.
A Trust Deed usually lasts for a period of 3 years, at the end of which any remaining debts are effectively written off leaving you completely DEBT FREE.
Remember, a little bit of advice can go a long way. Contact us to see what options are available to YOU.
Call today on 0800 848 8833
Why is a trust deed the right choice for me?
All interest is frozen!
No set up charge
Debt free in 36 months
Pressure from creditors is stopped
If you would like us to arrange a Trust Deed for you or just want some advice contact us now.
Call 0800 848 8833
