Call Us Free: 0800 368 8231
Follow Us:

Trust Deed Scotland

Trust Deed Helpline
0800 368 8231

Trust Deed Scotland

This section covers Trust Deeds in Scotland, sometimes referred to as PTD's.

We'll discuss how you qualify for a Trust Deed as an alternative to going Bankrupt.

Trust Deed Scotland

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.

How do they work?

We help you draw up a realistic monthly repayment plan with you, this ensures you have enough money to pay all your household bills, food, clothing, etc. Our experts will then draw up a proposal and send it to your creditors.

Once the Trust Deed is in place, your lenders must freeze all the interest and charges by law, as it is a legally binding agreement.

It also gives you full protection from your creditors, so they can no longer phone, text or write to you whilst you are in the Protected Trust Deed.

It also prevents wage arrestments, Sheriffs and they can not hey cannot petition for your Sequestration (Bankruptcy).

Write off the debt you can not afford

If you complete the monthly payments in your Trust Deed (usually 48) then any debts included in the Trust Deed that still exist will be legally written off!

If you are a homeowner, you may however be asked to release equity from your property in the final year of the Protected Trust Deed to help repay your lenders, but this will depend on your personal situation. Our experts will discuss with you whether this applies before we start the Trust Deed process.

Free from your unsecured debts in 48 months.

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 368 8231.
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 Trust Deed Scotland Team:

debt helpline 08003688231

0800 368 8231

(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.

Contact Us
  • Address: 6 Abberley Hall, Chelford Road, Alderley Edge, SK9 7TJ
  • Phone: 0800 368 8231
  • Email: [email protected]
  • Monday - Friday: 8:00 am - 9:00 pm
    Saturday - Sunday: 10:00 am - 4:00 pm
Say Hello

You can also get free impartial debt advice by following this link to the Money Advice Service.

Bankruptcy Advice Online © 2023 All right reserved.

Bankruptcy Advice Online and it's partners provide insolvency solutions to individuals throughout the UK; specialising in IVAs, CVAs, Liquidations, Protected Trust Deeds, Bankruptcy, Sequestrations. We do not administer or provide advice solely relating to debt management products, such as Debt Management Plans or Debt Payment Plans under the Debt Arrangement Scheme. We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meets the criteria for one of our insolvency solutions, therefore, all advice is given in reasonable contemplation of an insolvency appointment.