Specialists in Debt Help and Advice.
A Trust Deed prevents your creditors from adding further interest and charges to your existing debt so your current financial position does not worsen. They will also not be able to take further action against you.
The Trustee who arranges the Trust Deed will handle all correspondence from your creditors which will then relieve the stress that debt can so often cause.
In many cases you will still be able to be self-employed (if you are currently) and it should not effect your position as Director of a company.
Trust Deeds will generally last for just 3 years – once the 3 years has passed your debts will be written off.
Trust Deeds don’t hold a stigma like Bankruptcy does and should definitely be explored as an alternative option it. Seek confidential advice first and make an informed decision.
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IVA
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Benefits of an IVA
IVA FAQs
Write off all the debt you cannot afford and avoid legal action. Government legislation that helps you clear your debt in 60 months.
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What is Debt Management?
Benefits of Debt Management
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Lower your monthly payments on your existing debt with one affordable monthly payment plan. Hassle free and flexible plans for if your situation changes.
Bankruptcy
What is Bankruptcy?
Benefits of Bankruptcy
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Bankruptcy is a consideration if you simply cannot pay debts that you owe and you have already considered
Debt Management
and an
IVA
.
Trust Deeds
What is a Trust Deed?
Benefits of Trust Deeds
Trust Deed FAQs
A Trust Deed is a legal process only available to residents in Scotland and offers an alternative to bankruptcy.
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