Protected Trust Deeds and Sequestrations
Protected Trust Deeds (or PTD) are similar to an IVA and Sequestration is similar to Bankruptcy and are 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. subject to creditor acceptance interest and charges are frozen and at the successful end of the agreement any unpaid debt included in the Protected Trust Deed is written off.
To request more Trust Deed information or information on Sequestration, call 0800 294 6310.
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 a Protected Trust Deed or a Debt Management Plan. These solutions help you to pay back your creditors without the same damage to your credit history.
If Sequestration is your only option we offer a Sequestration Support Service which will give you access to specialist advisors for help and guidance in your time of need.
For Sequestration advice call us now on 0800 294 6310.
The contents of this page are not exhaustive and are intended to provide a general guide to PTDs and Sequestration.
Protected Trust Deeds are provided by our sister company, Buchanan Roxburgh Limited, who are vastly experienced in Trust Deeds and Sequestration. The Insolvency Practitioners at Buchanan Roxburgh are licensed by the Insolvency Practitioners Association.