Protected Trust Deeds

 

 

 

Protected Trust Deed application software download

 

 

 

 

 

Protected Trust Deed Quote

An Independent Protected Trust Deed Quote For Your Own Circumstances

 

A Protected Trust Deed is a way of establishing a repayment plan every month based on the ability to pay after normal household bills have been met. It usually lasts for three years, although sometimes this can be reduced, and when the term comes to an end any remaining debt is written off.

To apply for a Protected Trust Deed quote, use our quick online service via the web form below. Our service is independent therefore impartial. A Protected Trust Deed is the Scottish equivalent of an Individual Voluntary Arrangement (IVA) which has become popular in the rest of the UK as a solution to personal insolvency which carries none of bankruptcy's stigma or the burden of sequestration.

A Protected Trust Deed is also cheaper and more flexible than arranging a bankruptcy. Furthermore, details of this are not published (unlike bankruptcy cases), so that personal information about your financial standing is not made widely known by being held up to public scrutiny. Everything is kept completely secret.

A Trust Deed is registered as a “Protected” in that its protected status means that creditors may not take legal action against the debtor client . It also ensures that any interest in delinquent accounts is frozen from the date the Deed is put into force. Once a Protected Trust Deed is put into force there is no need to worry about being contacted by creditors; they will not be able to take any legal action against you. It should have no effect on your job or career (unlike bankruptcy, which obliges bankrupts to resign directorships of companies automatically and be barred from holding directorships for a fixed term in the future).

However, not everyone qualifies for a Protected Trust Deed. To find out if you do fill out the quick online application form below.

 

 

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