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Protected Trust Deed (Scotland Only)

A Protected Trust Deed or TD is a legally binding contract between a debtor and their creditors, supervised by a Licensed Insolvency Practitioner. The purpose of the TD is to enable you to reach a compromise with your creditors and avoid the consequences of sequestration.

Pros of a Trust Deed

  • Have a fixed term, usually 4 years
  • Write off all your remaining unsecured debts that were included in the trust deed, at the end of the term.
  • All Interest and charges are stopped
  • Stop creditors from calling and sending letters to you.
  • Prevent you from being made bankrupt / sequestration

Cons of a Trust Deed

  • Your credit rating will be affected
  • Must declare full financial details including assets and liabilities, you will need to release any equity you may hold in property.
  • Payments are fixed and must be maintained
  • Trust deed will be advertised on the register of insolvencies 2 years after the date of discharge
  • Defaults result in Sequestration

To find out more, simply call us today on our free phone number 0800 092 0455 or fill in the Call back form and we’ll call you back.


Fee are payable with a trust deed solution. Back2credit will pass you through to one of trusted partner companies and we will be paid a fee should you take up a trust deed solution with them.