Trust Deeds (in Scotland only)
A Protected Trust Deed (Trust Deeds) are for Scottish residents with serious debt problems. With a Trust Deed you can write off a substantial part of your outstanding debts. If agreed by at least 50% of your creditors (with 33% of total debt), you will have affordable monthly payments and will be free from the debts within the Trust Deed at the end of 36 months, guaranteed.
Trust Deeds achieve all of the following;
- Any legal actions end
- Interest and charges frozen
- Existing CCJ's cancelled
- Hassle from creditors stopped
- Peace of mind with a fresh financial start
- An affordable monthly payment
- A good nights sleep!
A Trust Deed is a confidential arrangement between you and your creditors. Employers and landlords are not informed of Trust Deeds (but they are published in the Edinburgh Gazette, and listed on the Insolvency Register). Not everyone qualifies for a Trust Deed, click here and complete the simple application form and one of our advisors will contact you at the requested time.
A Protected Trust Deed is a legal process by which you can gain protection from your unsecured creditors by entering into a legally binding repayment agreement with them, which is then supervised by a licensed insolvency practitioner. Debt Specialists Limited will refer any such cases to a local trusted and established professional. Full details will be given and confirmed in writing.