Our most asked questions to help you decide
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What is a Trust Deed?
A Trust Deed is a voluntary arrangement which allows you to come to a binding arrangement with your lenders (sometimes called creditors) to repay your debts in part or in full. You must be a Scottish resident to sign up to a Trust Deed.
Do I have to make the Trust Deed public?
A Trust Deed is classed as a form of insolvency and by law any insolvencies that are processed have to be made public. If you sign up to a Trust Deed it must be registered in the AIB Register of Insolvencies. Your trustee will arrange for this to happen.
How long does a Trust Deed last?
A Trust Deed normally lasts for 4 years with you making 48 monthly payments. The period can be shortened or lengthened depending on your circumstances and creditor approval.
What if my circumstances change?
Protected Trust Deeds do have some flexibility should your circumstances change. It is important that you keep us up to date with any financial changes as we will be able to provide guidance to you should the need arise.