Trust Deeds
A Protected Trust Deed (PTD) is a legally binding
arrangement drawn up between you and your creditors,
available only to residents in Scotland, in which
you agree to pay your creditors a percentage of
your total debts, depending on what you can afford.
By signing a Trust Deed you are basically saying:
"I hold my hands up! I cannot afford to pay my debts and I need help..."
It differs from many other financial solutions in that it is much more flexible and affordable and it also provides protection from your creditors.
It is designed to enable those who cannot afford to repay their debts a way to establish a monthly repayment schedule based on what you can actually afford. The payment is collected each month by your Insolvency Practitioner who in turn deals with any other considerable assets you might have and distributes the money to the creditors on your behalf.
A Trust Deed usually lasts for a period of 3 years, at the end of which any remaining debts are effectively written off leaving you completely DEBT FREE.
Remember, a little bit of advice can go a long way. Contact us to see what options are available to YOU.
Or have a look at our Frequently Asked Questions below.
For free, confidential advice, call today on 0800 043 0300
Why is a trust deed the right choice for me?
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All interest is Frozen! |
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No set up charge |
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Debt free in 36 months |
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Pressure from creditors is stopped |
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Trust Deed Testimonials
Mr Y, Edinburgh
 I have recently signed a Trust Deed with the help of McCambridge Duffy. I felt they were very helpful and explained things well. They also sent out an advice leaflet - 'What is a Trust Deed?' and provided me with information on Sequestration, which was very helpful"
Mr T, Aberdeen
I think that the company - client relationship McCambridge Duffy have is very good. I was never in the dark at any stage of my Trust Deed Process. If I ever had any questions all I had to do was call and you would help. Keep up the great work that you're already doing. Great Job!
read more Trust Deed Testimonials...
Trust deed Frequently Asked Questions
General/Others
Your Home
Motor Vehicles
Policies and Investments
Creditors
Contributions
Redundancy/Illness
Death/Inheritance
Discharge
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