Trust Deed Scotland

Big or small, every debt problem can be solved

Trust Deed Scotland

Trust Deed

This section covers Trust Deeds in Scotland, sometimes referred to as PTD's and provides a guide to whether you qualify for a Trust Deed as an alternative to going Bankrupt.

What Is A Trust Deed?

Trust Deeds were introduced by the Scottish Government in the 1980's to help people struggling with their finances to regain control. They use Government legislation to agree an affordable monthly payment between you and your creditors.

A Trust Deed is a legally binding agreement between you and your creditors, where you make reduced payments to your debts as an alternative to bankruptcy. A trust deed enables those who are unable to repay their debts a way of stopping legal action etc and getting a monthly payment in place that the debtor can afford to pay. The trust deed wll usually last for four years, at the end of this time any remaining unsecured debts are usually written off.

Trust deeds are only available if you live in Scotland. If you live in England, Wales or Nortgern Ireland, then an IVA (Individual Voluntary Arrangement) is a similar solution.

Can I Get A Trust Deed?

You can apply for a trust deed providing you:

  • Two or more creditors
  • Struggling with payments
  • More than £5,000 of unsecured debt
  • Demonstrable proof of circumstances
  • Have lived in Scotland for at least 6 months

How do I start a Trust Deed?

You will firstly need to take the Trust Deed test to find out if you could qualify for a Trust Deed. An adviser will then work with you to determine your present financial situation.

Can I Get A Trust Deed?

Our panel of specialists can quickly advise whether you qualify for a trust deed. Simply call the team FREE on 0800 564 22 11.
Alternatively take the online trust deed test and check if you qualify.

  • Last updated 31 December 2015

no credit on prepayment meter

What to do if your prepayment meter has run out of credit

  • by Admin
  • June 23, 2015

This guide explains what you should do if your pre-payment meter for gas or electricity runs out of credit....


dealing with debt collectors

How To Deal With Debt Collectors

  • by Brian Jackson
  • March 03, 2016

Have you received a letter or call from a debt collection agency. In this guide we'll expain how to deal with debt collectors...


attachment of earnings

A Guide To An Attachment of Earnings Order

  • by Admin
  • June 23, 2015

Have you received a letter threatening an attachment of earnings. In this guide we explore what an attachment of earnings order is, how they work and how to defend...


Contact the Bankruptcy Advice Online Team:

debt helpline 08005642211

0800 564 22 11

(freephone, including all mobiles)
bankruptcy advice

Request A Callback

No time to talk, we'll call you back.
bankruptcy questions

Have A Question?
Ask an expert now.

Check now online whether you qualify for a Trust Deed?

PERSONAL GUARANTEE: Your details will be kept confidential. We will NEVER pass your details on to third parties unless you ask us to. We NEVER cold call or cold text.

More info on hoax calls

Latest testimonial

Fantastic,they are life savers.

I Contacted them at 5 pm on a Thursday night,they arranged a meeting Friday morning with all the relevant bodies their because my case was the following Monday .I can't sing their praises high enough they contacted the courts same afternoon. Fantastic response, I avoided bankruptcy on the Monday and was given time to arrange an Iva. I risked losing my home,my mother and fathers home all hope seemed lost until I made that fateful phone call. I can now sleep at night.


You can also get free impartial debt advice by following this link to the Money Advice Service. © 2015-2016 All right reserved. Made with in Manchester does not charge you any fees for using our service, all of our network partners will also provide you with a free initial consultation free of charge, to ensure you get the advice you need when you need it.

We will pass your details on to one of our network of our approved Insolvency Practitioners or Debt Advice Charities who will contact you and explain all the options available to you. They will then be able to help you set up a debt solution which is right for you.

The debt solution offered to you by our network will depend on your criteria and circumstances, including how much you owe and how many creditors you owe money to. You need to speak to a debt advisor to obtain a full assessment. is owned by Money Advice Online Ltd company no. 09554412 (Registered in England and Wales). ICO registration no. ZA116663