Protected Trust Deed (PTD)
A Trust Deed is a voluntary arrangement for Scottish residents that allows you to come to a legally binding arrangement with your creditors to repay part, or all of what you owe. We can assess if a Trust Deed is suitable for you as not everyone is eligible. For instance, you must be residing in Scotland for over 6 months and have regular household income.
If you live in England, Wales or Northern Ireland please refer to our Individual Voluntary Arrangement (IVA) page.
It is important that you consider the features and benefits of a Trust Deed. To understand if it’s the right option for you, here is some key information to help.
Once a PTD is accepted, you will benefit from:
Things to consider:
Example of a Protected Trust Deed
Total Debt Level: | £17,000 |
Debt Repayments BEFORE PTD: | £650 per month |
Monthly Payment reduction: | £500 per month |
New PTD Monthly Payment: | £150 per month |
Proposed Debt Write Off Amount: | £9,800 |
This example is based on a 48 month Protected Trust Deed and is for illustration purposes only. Trust Deeds’s are subject to eligibility and Approval. Your results will vary based on your personal situation.
Get advice before you apply
Speak to us before taking out a Protected Trust Deed to make sure it’s the best option for your needs. If we think a PTD is the right option for you, we will help prepare your application and refer you to an insolvency practitioner who will set up the Trust Deed for you.