Trust deeds for Scottish Residents

A trust deed is an affordable solution for people whose debts are out of control and is a recognised alternative to bankruptcy or (sequestration). It protects you from your creditors and on completion, enables you to write off what remains of your debts.

A trust deed acts as a formal agreement between you and your creditors, administered by an insolvency practitioner, where you agree to pay one lower affordable monthly payment over a fixed period (usually 3 years).

How can a Trust Deed help me?

• Only pay what you can afford.
• Be debt free in 36 months.
• Freeze interest and charges.
• Get protection from your creditors.

Our licence insolvency practitioners will organise your trust deed, deal with your creditors and prepare your proposal on your behalf. When you call Capricorn Debt Management Solutions we will look at your personal circumstances (including your income and expenditure details) and use this to find the best repayment plan to suit you – based on what you can realistically afford.

Look forward to a life free from debt

Once a trust deed is completed, (normally in just 36 months), your creditors will make no further claims against you, as long as you have stuck to the terms of the arrangement. Your remaining debts will be written off.

Subject to eligibility and acceptance, debt write off applies on completion of a Trust Deed, alternate solutions may be offered. Fees payable. Your ability to obtain credit will be affected.