A Trust Deed is a type of insolvency specifically for Scottish Residents.
It is a legally binding agreement between yourself and your lenders.
It gives you legal protection from your unsecured lenders and could allow you to write off up to 90% of your unsecured debt, usually within 48 months.
Most people are able to keep their homes.
Evidence of entering into an Individual Voluntary Arrangement, a Debt Relief Order or a Protected Trust Deed will be entered on a public register.
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