What is a Trust Deed?




A Trust Deed (also known as a Protected Trust, Scottish Trust Deed, PTDs) is a legally binding agreement between an individual who is unable to pay his or her creditors and a licensed Insolvency Practitioner (known as the Trustee).

It is designed to help individuals who cannot repay their debts a way to reach an agreement with their creditors, in which they will begin a monthly repayment schedule based on what they can realistically afford.

The Trust Deed will be in place for a specific period of time, and is usually over three years. Once the agreed period of time is over, any remaining debts that the debtor owes are written off, and they become debt free.

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About Trust Deed.org


TrustDeed.org was launched to help provide debt information and guidance for people living in Scotland.

We know that being heavily in debt can significantly affect your quality of life. But TrustDeed.org aims to help to relieve some of the burden by giving you the right tools and information you need to begin reducing your monthly repayments.