Got a question? Then get in touch

If you have debts of over £8000 then please get in touch.
If you give us your email address then we will send over our thoughts on your case.

Your total debt: £0-15,000 £15,000-20,000 £20,000-25,000 £25,000-30,000 £30,000-35,000 £35,000-40,000 £40,000-45,000 £45,000-50,000 £50,000-75,000 £75,000-100,000 £100,000-250,000 £250,000+

Number of creditors:

Employment status: Unemployed Employed Self Employed Company Director Retired Homemaker

Residential status: Home owner Tenant

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Where do you live?: England & Wales Scotland

Expert Scottish Trust Deed assistance in the UK

Philip Gill & Co Scotland specialises in the provision of debt management solutions throughout Scotland, to private individuals and business owners alike. We have accumulated thorough knowledge and expertise in the Scottish Trust Deeds arena, offering our services to a wide range of individuals throughout the UK. Whether you require professional assistance with a Scottish Trust Deed, bankruptcy proceedings (sequestration), or more informal debt solutions, we are the accomplished and understanding specialists to turn to.

If you are currently struggling to meet your financial commitments and cannot meet repayments agreed with creditors, a Trust Deed can help to:

• Write off a large chunk of your debts (subject to creditor agreement)
• Have a set timescale by which time you will be completely free from your unsecured debt (usually 3 years)
• Reduce creditor harassment and stop the accumulation of interest on debts
• Avoid the most drastic debt solution – bankruptcy

Professional UK advice on Scottish Trust Deeds

A Scottish Trust Deed is a legal and contractual method of resolving debt problems, without having to submit to the drastic penalties involved in a bankruptcy. Once the terms of a Trust Deed have been agreed upon, it acts as a legally binding contract between creditor and debtor. This will help you to shrink your debt to a far more manageable level, enabling you to clear them over a predetermined time period.

Another important advantage of a Scottish Trust Deed is the level of protection it offers debtors from the inscrutable actions of collection agencies working on behalf of creditors. If you adhere to the terms and conditions laid out in the Trust Deed then the risk of having to sell your home will be reduced. It is also highly unlikely that your employment will be affected in any way (subject to employer or regulatory requirements).

Tailoring Scottish Trust Deeds to your specific situation

By collating all your debts into one affordable monthly payment, via the terms of a Scottish Trust Deed, you will have enough money left over to cover all of your essential personal and household expenditure. In general, a Trust Deed will last three years, although the duration is changeable based on the personal circumstances of each and every individual. If the Trust Deed terms have been adhered to, then upon the completion any remaining unsecured personal debt will be written off. The result: your debt worries are over.

Subject to individual circumstances, and creditor agreement, a UK Trust Deed can write off up to 90% of debt.

Our intricate know-how and professional experience in the provision of Trust Deeds enables us to negotiate expertly with your creditors, aware of the repayment levels they are likely to accept. We can also help you to decide if a Scottish Trust Deed is the best form of debt solution available to you, or if, given your personal circumstances, there is a more beneficial option.

For expert Trust Deed assistance anywhere in the UK, please do not hesitate to call on 0141 564 6592 or email: info@uktrustdeed.co.uk Take advantage of our expertise in offering meaningful Scottish Trust Deed support, which can remove some of your debt worries for good.

Trust Deed key facts

If you start a Scottish Trust Deed then fees will apply. Click here for further details about Trust Deed fees and the work that is conducted by Trust Deed companies. It is important to understand that all debt solutions are likely to result in damage to your credit rating. This can cause difficulties in obtaining credit in the short term and there is some likelihood that such difficulties may continue in the medium to long term.

Other sources of debt advice exist. Click here for the Citizens Advice Bureau, here for Money Scotland and here for the Insolvency Service “in debt” guide. The Accountant in Bankruptcy produces a guide to personal debt solutions which explains the various solutions.

As a significant amount of your payments into a Trust Deed are taken in the first instance to meet your Insolvency Practitioner’s fees, if your Trust Deed fails, you will remain liable for the balance of your debt and any Insolvency Practitioner fees and costs already incurred.