A Scottish Trust Deed is an alternative to bankruptcy

If you are a Scottish resident, a Protected Trust Deed (PTD) - also known as a Scottish Trust Deed - could be the debt relief you need. Similar to an Individual Voluntary Arrangement, a PTD has different laws and regulations to the English IVA legislation, but are effectively the same.

Once a Scottish Trust Deed is underway, a freeze is placed upon any interest and charges that could be imposed by your creditors. At the end of the agreement, any remaining debt is written off, and your debt will be gone.

If you are considering claiming bankruptcy but are concerned about the consequences of bankruptcy, than a Protected Trust Deed will help you to clear your debt without all the stigma of bankruptcy. Your credit rating will be affected, but your situation will be greatly improved than if you had to resort to bankruptcy, and your chances of claiming a mortgage will be improved.

We can stop creditor harassment, leaving you to pay a manageable monthly fee that you can afford, for 3 - 4 years, until the agreement is complete. When it ends, the debts that are attached to the IVA will be eliminated, leaving you to resume your life free of those debts.

For residents of Scotland, this is an effective debt plan and considered one of the best alternatives to bankruptcy.