Independent Advice
No Bankruptcy. No loss of Dignity
Advantages of a Protected Trust Deed
Benefits of a Protected Trust Deed
Protected Trust Deed
Protected Trust Deed: The Best Way Out of your Debt (Without More Debt!)
Apply For The Best Debt Relief Plan For Your Own Circumstances
Independent Advice. No Bankruptcy. No loss of Dignity.
A Protected Trust Deed is a debt management plan set up under Scots law to deal with the problem of personal insolvency (although it may also relate to business owners) without the need for the more onerous recourses of bankruptcy or sequestration.
We give advice on the understanding that Protected Trust Deeds are never designed to be one-size-fits-all fixes to any debt problem, as individual circumstances can vary so much. Not everybody is eligible for a PTD, so we have an application test below to see if you qualify. The application is free.
Normally a Protected Trust Deed will run for three years and when the term is over all debt is discharged from a person's credit profile. During the time this is in force no banks or other creditors are permitted to contact the debtor. The PTD has the advantages of bankruptcy and none of the disadvantages.
So complete the Protected Trust Deed application form below for impartial and independent advice which is right for your own circumstances.
We are registered under the Data Protection Act. Reg. No. Z1620707.
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Protected Trust Deeds
Protected Trust Deeds will generally be framed by a qualified specialist insolvency practitioner (the Trustee) and will be drafted specifically to match the specific requirements. There is no average method to this because each situation is different to the one before, while some situations are vastly different. The insolvency practitioner will prepare the best proposal in accordance with the client's own particular situation and set up a programme of repayments which is typically 36 months, although in some situations this may be made to differ.
Not everyone will qualify for a Protected Trust Deed. There are thresholds of income and the number of creditors, and also the ratio of debt to available monthly surplus. It cannot be guaranteed that you will qualify for a PTD, or whether your situation only fits a normal debt management programme (which will have none of the advantages of a Protected Trust Deed). The best thing is to apply and see what results. By using our whole-of-market service we can guarantee the best deal for your own particular circumstances.
A number of disciplines have developed related to the area of insolvent cases, and these encompass the law as well as newer professions including such diverse types as IP consultants. Such experts have their part to play. Each one will have their own area of knowledge and expertise which you should benefit from as appropriate. Making using of Protected Trust Deeds should ensure that the turnaround from insolvency is much more quick.
Protected Trust Deeds are useful legal measures and most people would jump at the chance of getting one because it is sanctioned by law and discharges the client from the entirety of his or her debt at the end of the term. This is a more gentle response to long-term debt than other more draconian instruments like bankruptcy or sequestration and it carries none of the stigma of those enforcements.
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We are registered and regulated under the Data Protection Act. Reg. No. Z1620707
We are licenced by the Office of Fair Trading. Consumer Credit Licence No. 633327
WE FULLY AND WHOLEHEARTEDLY ABIDE BY THE OFFICE OF FAIR TRADING'S BOOKLET DEBT MANAGEMENT GUIDANCE (OFT366). COPIES MAY BE OBTAINED FROM THE OFFICE OF FAIR TRADING.
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