A Protected Trust Deed is specifically designed for Scottish residents. Check the criteria below to see if you might qualify.
The following unsecured debts can typically be included in a Protected Trust Deed:
All major card providers including store-affiliated cards
Unsecured bank loans, credit union loans, and online lenders
Both authorised and unauthorised bank overdrafts
High-cost short-term credit from payday lenders
Outstanding council tax from previous or current years
Gas, electricity, and water bill arrears
Income tax and National Insurance arrears - subject to agreement
Mail order and buy-now-pay-later catalogue accounts
Not sure about a specific debt? List all your debts when you speak to a licensed Insolvency Practitioner. They will advise which can be included and structure the proposal accordingly. The initial assessment is always free of charge.
A free, no-obligation call with a licensed IP to review your situation. They confirm eligibility and explain all options before you commit to anything.
If you decide to proceed, your IP drafts a detailed formal proposal covering your monthly payment, assets, and how creditors will be treated. This typically takes 1-2 weeks.
Your IP notifies all creditors and advertises the Trust Deed in the Edinburgh Gazette. The 5-week window opens. Refer all creditor contact to your IP during this period.
Assuming fewer than one-third of creditors by value object, the Trust Deed is granted protected status. Creditor recovery action must legally stop immediately.
Before making any decisions about a Protected Trust Deed, you are entitled to free, impartial debt advice from government-backed services. These services are completely free and have no obligation to use any particular product.