Trust Deed Articles

Trust Deed

What happens to my Trust Deed if I’m unemployed or lose my job?

The typical term of a Trust Deed is four years, so it’s quite possible a debtor’s employment situation will change during this time.

Trust Deed

Differences between a Trust Deed and Sequestration (Bankruptcy)

If you’re a Scottish resident and have high levels of unsecured debt that just seem to be spiralling out of control, it’s time to take action and start on the road towards financial recovery.

Trust Deed

What debts can I include in a trust deed?

When it comes to debt, there are two main types which you may be dealing with: secured and unsecured.

Trust Deed

Will a Trust Deed affect my partner?

A common and understandable concern for many people considering a Trust Deed is what impact it will have on their partner.

Trust Deed

Can you pay off a trust deed early?

A trust deed is a formal debt solution for people in Scotland who are in unmanageable debt. It helps them to escape the relentless creditor pressure that can be experienced in this situation, and allo...

Trust Deed

Your guide to getting a mortgage after a Trust Deed

If you’re about to be discharged from a Trust Deed, you may be wondering to what extent your ability to obtain a mortgage has been affected.

Trust Deed

Can I borrow money whilst I’m in a Trust Deed?

Borrowing money when you’re already deeply in debt requires careful consideration, and consultation with your trustee, as there are various factors associated with further borrowing in this situatio...

Trust Deed

What's the Register of Insolvencies and are Trust Deeds visible?

The Register of Insolvencies is a public register that documents Trust Deeds until five years after the discharge date and includes personal details.

Trust Deed

Can I remortgage while in a Trust Deed/Sequestrated/DAS?

If you’re a homeowner in Scotland, and are experiencing high levels of debt, your property may be affected when you enter a formal debt relief procedure.

Trust Deed

What happens to your bank account when entering a Scottish Trust Deed?

If you’re entering a Scottish trust deed, it’s important to make sure you transfer your current account to another bank before it is signed. This is because, if you owe money to the bank, they hav...

Trust Deed

What happens with PPI claims during and after a Trust Deed?

Part of an insolvency practitioner’s duties in administering your Trust Deed is to establish eligibility to claim PPI.

Trust Deed

Can you take out joint Trust Deeds in Scotland?

Joint Trust Deeds don’t exist, however, if you want to run a Trust Deed that encompasses debts as a couple, this will be two individual Trust Deeds.