A Trust Deed is a form of insolvency available only to those living in Scotland. It is similar to an IVA whereby you make an agreement with your creditors (through a 3rd party insolvency practitioner) to pay a fixed amount of money every month until your debt is cleared or written off after a period of time. Read on to find out more and to see if you’re eligible.

Being unaware of the legal restrictions and requirements could lead to issues in the future. I have compiled this complete guide to help you understand the constraints and criteria for a trust deed. Although this solution can be positively life changing for some, it may not be the right choice for others as it can have serious consequences. This guide will help you make this decision.

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It can be overwhelming researching trust deed companies as not only are there so many but they may offer different rates, fees and consequences so I’ve compiled a list for you to ensure that you make a choice that is right for you. By comparing all these companies you should get an understanding of the market and decide which company to choose for your Trust Deed agreement. 

More information on Trust Deeds

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