If you live in Scotland and have debts in excess of £15000 you may wish to seek Scottish Trust Deed advice. Scottish Trust Deed ‘s are voluntary agreements between a debtor and creditor, comparable to an IVA. With a Scottish Trust Deed a debtor appoints a trustee (who must be a qualified insolvency practitioner) to whom he/she passes an agreed amount of assets to sell for the benefit of his creditors.
Like an IVA, a Scottish Trust Deed can be an attractive alternative to Sequestration. To find out if this is the case for you call us for free Trust Deed Advice.