Articles

Trust Deed

Is it possible to enter into a second Trust Deed?

Scottish Trust Deeds help eligible people in debt to repay as much as possible, with the remainder being written off at the end of the term – usually four years.

Business Debt

What are Accelerated Payment Notices and how might it affect you?

The UK government is sending out thousands of Accelerated Payment Notices (APNs) to individual taxpayers and businesses in an attempt to reclaim ‘lost’ tax.

Trust Deed

Can a Trust Deed affect my job or employment status?

Whether being in debt affects an employment contract is a serious concern for many people.

Trust Deed

Will my creditors agree to my trust deed?

A trust deed is a formal debt solution which enables you to make affordable monthly repayments towards your debts for a set period of time, typically four years.

Business Debt

What is Company Strike Off?

If you no longer need a limited company, Company Strike Off, also known as Dissolution, is a simple and inexpensive way to close it down.

Trust Deed

What happens to my Trust Deed if I’m unemployed or lose my job?

The typical term of a Trust Deed is four years, so it’s quite possible a debtor’s employment situation will change during this time.

Sequestration

Can I apply for my own sequestration?

When you’re struggling to repay unsecured debt and see no way out of a dire financial situation, personal bankruptcy can seem like the only option.

DAS

What does the DAS Fair and Reasonable Test entail?

Debt payment programmes (DPPs) are an intrinsic part of the Debt Arrangement Scheme, which allows you to pay off unsecured debt at an affordable rate.

Sequestration

Business Debt

How does sequestration affect being a company director?

Sequestration is a personal insolvency solution akin to bankruptcy. Company directors in Scotland must adhere to specific rules around sequestration.

Debts Included In A Debt Arrangement Scheme

DAS

Which debts can be included in a Debt Arrangement Scheme (DAS)?

A Debt Arrangement Scheme (DAS) is a government backed scheme which allows you to repay debt through contractual, monthly instalments without the threat of legal action and incurring penalties or inte...

Sequestration

Trust Deed

Differences between a Trust Deed and Sequestration (Bankruptcy)

If you’re a Scottish resident and have high levels of unsecured debt that just seem to be spiralling out of control, it’s time to take action and start on the road towards financial recovery.

Trust Deed

What debts can I include in a trust deed?

When it comes to debt, there are two main types which you may be dealing with: secured and unsecured.