Check If You Qualify

What is the Register of Insolvencies and will my Trust Deed appear on it?

Sharon McDougall - Updated - 30th April 2024 - 2 minutes to read

Will details of my Trust Deed be publicly available?

The Register of Insolvencies is a public register that documents Trust Deeds and sequestration ‐ two official debt solutions that are entered into in Scotland. A further register also exists, but this is for a different debt remedy called the Debt Arrangement Scheme, or DAS.

The Accountant in Bankruptcy (AiB) oversees the Register of Insolvencies, ensures that it is up‐to‐date, and that entries are accurate. So if you're considering a Trust Deed to escape serious debt, what do you need to know about the Register?

What details are recorded in the Register of Insolvencies?

Your Trust Deed will appear in the Register of Insolvencies until five years after your discharge date. The details recorded include:

This level of detailed information minimises the chances of search results being misinterpreted ‐ if you have a commonly seen surname, for example. The typical length of a Trust Deed is 48 months, but they can last for 60 months depending on the circumstances, so your Trust Deed could be viewable on the Register for 9‐10 years.

Scotland Debt Calculator

Get a rough indication of what your repayments might be under each of our different debt solutions.

Your Total Debt

£0 - £5,000

£5,000 - £10,000

£10,000 - £20,000

£20,000+

Your Employment Status

I am employed

I am self-employed

I am unemployed

I am a student

I am retired

Your Total Monthly Income

£0 - £1,000

£1,000 - £2,000

£2,000 - £3,000

£3,000+

What can you pay monthly towards your debt?

£0 - £100

£100 - £200

£200 - £300

£300+

Should you be concerned that your Trust Deed is on the Register of Insolvencies?

You may be worried that your Trust Deed will be included in the Register, but it's important to know that the Insolvencies Register doesn’t appear in general search results for your specific name.

Furthermore, anyone searching the register would need to know the precise details of your Trust Deed to find any results. Some people worry that their employers, family, or friends might find out about their debt problems, but this is unlikely if they aren't already aware that you're experiencing financial problems.

It’s true to say that some employers might check to see if their employees, or potential employees, are included on the Register, but this is typically due to the nature of the job or profession – the police force and prison service are known to do so, for example.

If you rent your home or are about to enter into a tenancy agreement, the landlord could also search the Register as part of their legitimate due diligence. Finally, lenders search as a matter of course, and credit reference agencies may also carry out searches to ensure consumer credit ratings are accurate.

So what can you do to minimise the effect of your Trust Deed being on a public register after you've been discharged?

How to improve your financial profile once the Trust Deed has ended?

These are just two ways in which you can positively affect your credit rating in these circumstances:

Scotland Debt Solutions can provide more guidance on Trust Deeds and the Register of Insolvencies. For more information and to arrange a free, same‐day meeting, please contact our expert team. We operate offices around Scotland, and can quickly provide the independent advice you need.

facebook colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall

Manager

Other Articles

9 practical tips for cutting your household expenses Household Expenses

9 practical tips for cutting your household expenses

We all want to save on our household bills and have more money in our pocket for the fun things in life. While bills are an unavoidable fact of life, here are some ways you can help to reduce them:

7 Advantages of using a Debt Arrangement Scheme to become debt-free Debt free happy woman

7 Advantages of using a Debt Arrangement Scheme to become debt-free

If you’re trying to deal with overwhelming amounts of debt, you may be eligible for the Debt Arrangement Scheme in Scotland.

10 steps to take now to improve your credit rating Credit Rating

10 steps to take now to improve your credit rating

If you are currently working on reducing the amount of debt you have, improving your credit score may not be at the top of your agenda.

About

Why Choose Us

Usp Discussion

Speak Direct With

A Qualified Adviser

Headset

We Don't Operate

Call Centres

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Award

Fully Regulated Advisors

From a Reputable Firm

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.

Tools

Useful Tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp
Headset

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

OUR SERVICES

We can help you with...

Sequestration

Sequestration

Sequestration is the Scottish version of bankruptcy and may be suitable for you if you do not have the money to pay back your debts

Find out More
Trust Deeds in Scotland

Trust Deeds in Scotland

A Trust Deed involves making a monthly contribution to your debts for up to four years. After this time any remaining debt included in the Trust Deed will not need to be paid.

Find out More
Debt Arrangement Scheme (DAS)

Debt Arrangement Scheme (DAS)

A Debt Arrangement Scheme (DAS) lets you pay off your debt through a series of manageable instalments over a reasonable length of time.

Find out More
Business Debts
Icon Briefcase

Business Debts

Whether you are a sole trader or a limited company director, we can help you work through your current financial problems including money owed to HMRC

Business Debts

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners