Trust Deed

• Become debt-free in just 3 years and write off some of your debt
• Stop pestering phone calls from your creditors
• Stay in work, even if you're self employed

If you live in Scotland and think bankruptcy (sequestration) is your only option, think again. There’s a far less restrictive option called a Trust Deed.

What is a Trust Deed?
A formal legally-binding debt repayment agreement between you and your creditors, a Trust Deed will help you to clear your unsecured debt over a fixed time period (usually three years).  They involve you making one easier-to-manage repayment each month to all of your creditors. They can also allow you to freeze interest rates and even write-off some of your debt. Any money left owing should be cancelled, leaving you debt free. And if your Trust Deed meets certain conditions, you’ll become protected from bankruptcy and your creditors chasing you for any more cash. All this is done with the close support of a Trustee.

I’ve got some more questions about Trust Deeds