What is a Trust Deed?

If you live in Scotland and have unsecured debts which you are struggling to pay, a Trust Deed could be the ideal solution. Although there are a number of solutions which exist, there is no other financial arrangement that permits you the protection from your creditors, including the freezing of interest together with the flexibility and affordability of a Protected Trust Deed.

A Protected Trust Deed is a sensible and realistic way forward for Scottish Residents who are having genuine difficulty in servicing their debts but who want to avoid Sequestration - the Scottish equivalent of bankruptcy.

A Protected Trust Deed is a sensible and realistic way forward for Scottish Residents who are having genuine difficulty in servicing their debts but who want to avoid Sequestration - the Scottish equivalent of bankruptcy.

Once protected a Trust Deed offers protection from your unsecured creditors. It is a legal agreement between you and your creditors which allows you to pay back just what you can afford, usually for a period of 36 months after which time the remaining debt is written off and you can look forward to a debt free fresh start.

The main advantages to the Protected Trust Deed are:

• A Protected Trust Deed puts you in control of your finances
• You only pay what you can reasonably afford to pay
• All interest and charges on your debts are frozen
• Creditor pressure is removed
• There is no Court involvement
• When the Protected Trust Deed is completed all remaining unsecured debts included in the arrangement are written off

Our experienced and friendly team are waiting to hear from you and will be delighted to provide you with advice on all of the options available subject to your particular circumstances.

Speak to the Chase Debt Solutions expert advisors today on 01843 296666.