Trust Deed

Pros and Cons of a Scottish Individual Voluntary Arrangement

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors. It is negotiated and set up by a licensed Insolvency Practitioner (IP), who administers it over the full...

Can I enter into a Trust Deed as a sole trader when i'm struggling?

Being in debt as a sole trader can be particularly concerning because you are personally responsible for the debts of your business.

Is a Trust Deed or Sequestration public knowledge?

Entering a Trust Deed or Sequestration (Bankruptcy) will be recorded on the Register of Insolvencies which is publicly accessible, including these details.

What is a trust deed inhibition?

Inhibition in Scotland is a type of ‘diligence’ or debt enforcement that involves obtaining an order of the court. It protects creditors’ rights to be repaid should property or land owned by the...

How will a Scottish Trust Deed affect my property?

If you’re thinking of entering into a Scottish trust deed and you’re also a homeowner, you may be worried about how the arrangement will affect your home.

What happens if I'm signed off during a sequestration or Trust Deed?

When you enter a personal insolvency process such as sequestration (Scottish bankruptcy) or a Trust Deed, you may be concerned about what happens if you’re ill and unable to work for a period of tim...

Life after a Trust Deed

The end of your Trust Deed will be marked with a formal discharge letter from the Trustee, and your entry on the Register of Insolvencies will be removed.

Comparing the cost of DAS, Sequestration and Trust Deed

In Scotland there are 3 main options for those struggling with problem debt. Each one comes with its own positives and negatives, and also its own financial cost – both initial and on-going.

Can creditors contact me when I am in a trust deed?

Less serious than sequestration (bankruptcy), a trust deed is a formal payment plan which allows you to take control of your debts in an affordable manner.

How Trust Deeds and Sequestration view Secured and Unsecured Debts

If you’re a Scottish resident struggling with personal debt and you’re considering a trust deed or sequestration as possible solutions, it’s important to realise that some types of debts cannot...