Use Scottish Government Legislation To Write
Off Up To 90% Of Your Debt And Clear The
Remaining Balance In 36 Months

How A Scottish Trust Deed Works

Scottish Trust Deeds were put in place by the Scottish Government as a method for the those of us who are struggling financially and have come to the end of the road in terms of debt relief options.


It's a fairly simple process to enter into a Trust Deed.


Step 1: See if you qualify by using our free calculator
Step 2: Speak to one of our specialist advisors to calculate a repayment you can afford
Step 3: Sit back and relax! We will do the rest.


Once we have all the details we will send out some paperwork for you to sign. Once we are in receipt of this we will begin to process your application.


The next steps involve an Insolvency Practitioner who will represent you by writing a formal Trust Deed Proposal which is presented for creditor approval at a subsequent creditors' meeting.  During this formal meeting, all creditors vote on whether to approve the Proposal.  As long as 75% or more of the creditors or those which represent more than one-third of total outstanding debts agree to the Proposal's terms the Trust Deed will become protected.  Creditors also have 35 days after receipt of the Trust Deed Notice to raise any written objections thereto.


After the Trust Deed has been approved, it becomes "protected."  This means that its terms are legally binding on all listed creditors - even those who did not vote in favour of the initial Proposal.  The debtor pays the negotiated monthly instalments to the Trustee, who then uses the funds to pay all included creditors.  Any covered debt balances that remain unpaid at the end of the repayment period are charged off and legally considered as fully paid.  If a Scottish Trust Deed is unprotected, covered creditors may pursue additional collection actions against the debtor, although this is only happens in extreme circumstances.


Do I Qualify For Trust Deed?

Answer a few simple questions on the form above and our system will see if you qualify to write off up to 90% of what you cannot afford to repay.

Do I Qualify?

Totally Debt Free In 4 Years!

A typical Trust Deed arrangement will last for 4 years (unlike an IVA which is 5 years) meaning you will be back on your feet with your finances faster!.

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