The downsides of a Trust Deed Scotland

While there are many positive elements associated with Trust Deeds in Scotland which tackle the issue of debt and insolvency, there are also some downsides which you need to be aware of before you make your decision. These are not major issues in the long run but... 

Who pays my bills under a trust deed?

The mechanics of a trust deed are fairly basic in that once you realise that your debts are more than you can afford to finance then you are in serious trouble. For many people in Scotland this may well lead to a trust deed being created whereby trustees are given... 

Scottish Trust Deed

A Scottish Trust Deed is a very similar financial arrangement to an individual voluntary arrangement (IVA) which effectively gives an individual more breathing space with regards to their finances by putting forward a reasonable payment plan which could see a significant... 

Protected trust deed Scotland

The term protected trust deed Scotland is something which will become more and more apparent over the next few months as the financial situation in Scotland continues to worsen. In simple terms, a protected trust deed is a form of English IVA which effectively... 

Trust deed advice

Trust deed advice is imperative if you are staring down the barrel of a very difficult financial situation. If your circumstances now dictate that you do not have enough income to cover your monthly debt repayments and cost of living then you need to look at alternative... 

Scottish trust deeds

Over the next few months, and possibly years, for some people in Scotland the subject of Scottish protected trust deeds will come to the fore. While there are signs that the worldwide recession, which began in 2007, is coming to an end, this will not automatically... 

Rules on protected trust deeds

The rules on protected trust deeds are fairly straightforward in principle although in practice they have to be monitored by a qualified licensed insolvency practitioner who will oversee the smooth running of any protected trust deed. However, there are many other... 

Protected trust deed Scotland

A protected trust deed Scotland style is a vital element of any debt management program where somebody is in serious financial trouble. The legal system in Scotland is slightly different to the rest of the UK were Independent Voluntary Arrangements (IVAs) are more... 

Trust deeds UK, The Scottish IVA

Trust deeds UK means different things to different people but ultimately we will discuss the Scottish trust deed which is in effect a Scottish IVA, used to reduce financial pressure and financial hardships for those in trouble. The legal implications with regards... 

Deed of trust, The first step to financial Freedom

The deed of trust (otherwise known as a trust deed) is becoming more and more popular north of the border in Scotland. These are in effect the Scottish equivalent of the IVA and as the economic downturn continues to bite across the UK we have seen application numbers... 

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