Take Control Of Your Debts With A Trust Deed.

No Setup Fees No Further Action From Creditors Write Off Up To 85% Of Your Debt Totally Hassle Free
* (The amount written off depends on your individual circumstances)
Write OFF upto 85% of your Debts!*
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What is a Scottish Trust Deed?

A Scottish Trust Deed is a voluntary agreement, available to residents of Scotland, which allows you to repay only what you can realistically afford (this is the amount you have left over after your living costs have been accounted for) for a period of 48 months. After that time any outstanding unsecured debts are written off.

A qualified Insolvency Practitioner is appointed as Trustee and the rights to any assets you own will be transferred to them. They will look to sell these assets if they believe there is any beneficial interest (surplus value after secured debts are taken into account) to pass on to your unsecured creditors.

If your creditors don't agree to the Trust Deed becoming protected, you are still able to proceed. The main differences are that your creditors will still be able to petition for your Sequestration if they wish and any creditors that objected to the Trust Deed becoming protected are still able to chase you for the money you owe them. However, in reality, if your Trust Deed is not given protected status, Sequestration, an informal Debt Management Plan or a Debt Arrangement Scheme Payment Plan are likely to be more appropriate solutions for you.

Debts you can include

Most debts can be included in a Trust Deed. However, Trust Deed's are normally used for the following types of debts:

  • Bank and building society loans and overdrafts
  • Credit cards
  • Personal loans
  • Store cards
  • Catalogues
  • Charge cards
  • Council tax arrears
  • Tax debts
  • electricity and gas debts.

We can help with these types of creditors and more..


You only make a single payment each month to the Trustee, who will then administer and distribute your payments

All contact from your creditors will stop once the Trust Deed is accepted

We will help you prepare your application, including agreeing the level of your household and personal spending based on guidelines acceptable to creditors

If the Trust Deed is protected then no legal action can be taken by any of your creditors whilst the arrangement is in place

You could be cleared from your existing debt within 4 years

If the Trust Deed is protected then interest and charges will be frozen

A viable alternative to bankruptcy

On completion of the Trust Deed, the balance of what you owe your creditors is written off

You may be able to continue running any business you have


If you do not adhere to the terms of your Trust Deed you may face Bankruptcy

Your credit file will be adversely affected for 6 years from the date that your Trust Deed is accepted

You will be unable to obtain further credit while the agreement is in place

You will be required to remortgage to release equity in your property

If you are unable to obtain a remortgage then your Trust Deed may be extended and you will have to carry on making payments for up to 12 months

Any large or valuable assets may have to be sold to release their value