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Reviewed 5th June 2023

Whats the difference between an IVA and a Trust Deed

The main differences between and IVA and Trust Deed  is that an IVA can only be accessed by English and Welsh residents, whereas a Trust Deed is only available for residents of Scotland. In an IVA you must have minimum unsecured debts of £15,000 whereas a Trust Deed it is a minimum of £5000. The duration is also slightly different in that an IVA generally lasts for sixty months whereas a Trust Deed lasts for forty eight months.

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