While there are different criteria used to review qualification for trust deed protection there are some basic terms which should assist you in your situation. Are you in solvent? One of the basic terms for any trust deed centres around the fact that you are technically... 

While Individual Voluntary Arrangements (IVAs) are common in England there is no such legal instrument to write off your debt in Scotland as this is covered by what is known as a protected trust deed. To all intents and purposes the two financial instruments are... 

While officially speaking there is no such thing as an IVA in Scotland (individual voluntary arrangement) the Scottish equivalent is a Trust Deed. This is due to the fact that financial laws in Scotland are slightly different to those in the rest of the UK but... 

The Scottish Protected Trust Deed is a situation which is very similar to the IVA (Individual Voluntary Arrangement) option available to those in England and Wales. However, legally are near identical in that they are an agreement between creditors and an individual... 

As the UK recession continues to grab hold we are seeing more and more people around the UK suffering from growing debts and unable to cover every day living expenses. However, for those in Scotland looking towards a possible trust deed to protect them from their... 

A Trust Deed is a legal arrangement which is available to those living in Scotland. It is commonly seen as an alternative to bankruptcy and allows debtors to protect themselves whilst looking to agree an arrangement with creditors which will see them receive a... 

The above question is something which many people will be considering over the coming months as the economic situation worsens in the UK. In basic terms, if your outgoings are more than your income and your debt continues to pile up you seriously need to look at... 

A Trust Deed can take many forms but in Scotland it is the process by which a person in financial difficulties is able to transfer their assets, via a legally binding Trust Deed, to a Trustee appointed for the benefit of the creditors. While the act of transferring...