Protected Trust Deeds and Sequestrations
A Protected Trust Deed (or PTD) is the Scottish equivalent of an IVA and sequestration is the Scottish equivalent of bankruptcy and is available to those residing in Scotland.
The laws and regulations are different to the English legislation but the end result and underlining principals are the same i.e. Upon acceptance interest and charges are frozen and at the end of the agreement any unpaid debt is written off.
Click here to request more information on PTDs or sequestration
or call 0800 294 6310.
Clear your debts in 3 years with a Protected Trust Deed
A Protected Trust Deed is known as a PTD or a Trust Deed, is a formal legal commitment that subject to approval, helps you only pay off what you can afford, with the remainder being written off.
When you embark on a PTD, you'll make monthly payments based on what you can realistically afford.
Usually, after three years, any remaining debts are written off.
Click here to request more information about Scottish Trust Deeds
The sequestration support service
We provide a 24hour service and helpline to support you through the sequestration process.
Sequestration should be your final option in terms of a debt solution.If you haven't already looked at other options, you may be interested in discovering the benefits of an PTD or a Debt Management Plan. These solutions help you to pay back your creditors without the same damage to your credit history.
However, if this really is your only option left, with the sequestration support service, access specialist advisors for help and guidance in your time of need.
For sequestration advice call us now on 0800 294 6310.
For more debt services from Baines and Ernst view one of the following pages:
